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716 W Phillips St 15 Unit Apartment Building $5,850,000 ($390,000/Unit) 4.24% Cap Rate Ontario, CA 91762
INVESTMENT HIGHLIGHTS
- Individually parceled units
- Each property has unique investments
EXECUTIVE SUMMARY
Presenting a prime investment opportunity in Ontario, CA, this impressive multifamily property boasts a 17,070 SF building with 15 units, offering significant potential for a prospective Multifamily / Low-Rise/Garden investor. Built in 1984, the property's enduring charm is matched by its exceptional 100% occupancy rate, highlighting its desirability and income-generating potential. With a strategic location in the heart of Ontario, investors will appreciate the strong appeal of this property within the thriving local market. Don't miss the chance to capitalize on this turnkey investment with a successful track record and promising future prospects.
PROPERTY FACTS
| Price | $5,850,000 | Building Class | C |
| Price Per Unit | $390,000 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 17,070 SF |
| Cap Rate | 4.24% | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 2.46/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3 - Multi-family residential district | ||
| Price | $5,850,000 |
| Price Per Unit | $390,000 |
| Sale Type | Investment |
| Cap Rate | 4.24% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 17,070 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1984 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | R3 - Multi-family residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 15 | - | - |
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716 W Phillips St
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