9251 Wheeler Ct, Fontana, CA 92335

Property Description

INCREDIBLE UPSIDE! Opportunity to own this amazing future cash cow! GREAT LOCATION! WALKING DISTANCE TO SHOPPING FOR TENANTS - VERY NICE HIGH PRIDE OF OWNERSHIP NEIGHBORHOOD. This 4Plex is located in one of the most desirable multifamily locations in the area and all 4 units have there own private exclusive single car garages. This complex is perfectly situated near Kaiser Hospital and the 10 Freeway in Fontana. The city of Fontana is centrally located, just minutes down the freeway to Los Angeles County, Orange County, or into the Inland Empire. By purchasing in Fontana, an owner sees the higher returns of the Inland Empire Apartment Market, and yet benefits from being just down the freeway to the much more expensive LA/Orange multifamily markets so you get the great returns in a great location! This bedroom / bath mix consists of: One unit that's 2 bedroom's, 2 bath's, and three units that are 1 bedroom's, 1 bath's. The units are in nice condition and the property has had some recent upgrades which include: Unit #A (2 bedroom)had new flooring, paint, stove & plumbing upgrades in both bathrooms in August 2021. Unit #B -Some plumbing upgrades in the last few months, A/C repairs a few years ago. Unit #C had new flooring, paint, stove installed approximately 1 year ago. Unit #D had new flooring, plumbing upgrades and repairs to the central A/C unit last month. Other improvements include a newer water heater in the shared laundry room. The returns are outstanding!! While actual current rents are low, they are month to month. And at market rents, this investment really performs! At actual rents, at $39,000 annual gross income. At market rents, the property should generate approximately $80,820. annual gross rent. Please see attached marketing package.