CA > Colton
Colton, CA 92324,1245 N Mount Vernon Avenue
Colton, CA 92324,1245 N Mount Vernon Avenue
Colton, CA 92324,1245 N Mount Vernon Avenue
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,950,000
Est. payment /mo
0.39 Acres Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25085084

HOA Y/N No

Year Built 1940

Lot Size 0.390 Acres

Property Sub-Type Apartment

Property Description

Pleased to present 1245 N Mount Vernon Avenue, an 11-unit multifamily property in Colton, CA. The property offers strong cash flow, with an actual cap rate of 5.71% and a proforma cap rate of 6.41%. The owner covers water, sewer, and trash, while tenants pay for gas and electricity. Extensive interior and exterior renovations have been completed, ensuring a seamless transition for the next owner. Well-Maintained & Fully Occupied

Minimal Management Required
On-Site & Street Parking
Additional Income from Laundry
ADU Potential – Opportunity to add two ADUs (buyer to verify with the city)
Low Operating Expenses
Prime Location – Ideally situated right off the 10 Freeway, with a quiet residential neighborhood on one side and major shopping centers on the other. Close to San Bernardino Valley College, Costco, Walmart, and Arrowhead Regional Medical Center, ensuring strong rental demand.

Location

State CA

County San Bernardino

Area 273 - Colton

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Biking, Sidewalks

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 1

Sewer Public Sewer

New Construction No

Others

Senior Community No

Tax ID 0161134070000

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by William Melton • PAEZ REALTY COMPANY

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