22009 Grand Terrace Road Active Save Request In-Person Tour Request Virtual Tour
Grand Terrace,CA 92313
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,468 sqft
Price per Sqft $382
MLS Listing ID CV-24005128
Year Built 1964
Lot Size 7,600 Sqft
Property Sub-Type Quadruplex
Property Description
EXCELLENT INVESTMENT AND CASH FLOW OPPORTUNITY ! This upgraded Grand Terrace property represents an exceptional investment opportunity, characterized by robust cash flow! Nestled in the heart of Grand Terrace in the fast-growing Inland Empire region, the Grand Terrace Apartments have been well maintained and have impeccable strong financial performance. This offering presents a truly uncommon chance to acquire rental properties in one of the most coveted locations within the Inland Empire. Strategically positioned in close proximity to the 215/91 freeways, this property's roots date back to its construction in 1964. It comprises highly sought-after single-story, two-bedroom/one-bathroom units, each boasting private yards and individual washer/dryer hookups as well as recent upgrades that enhances tenant desirability. These features readily attract discerning renters inclined towards long-term occupancy, thereby ensuring a steady stream of rental income. Moreover, this property bestows upon the prospective buyer the prospect of further enhancing its value by incorporating an Accessory Dwelling Unit (ADU). Currently, the property enjoys full occupancy, showcasing its attractiveness to tenants. Exceptional quality, the scarcity of obtaining an investment property in the rapidly expanding city of Grand Terrace, the possibility of significant appreciation, and the potential addition of an ADU make this investment a remarkable opportunity for any astute apartment investor.
Location
State CA
County San Bernardino
Area 266 - Grand Terrace
Zoning R-2
Interior
Heating None
Cooling Wall/Window Unit(s)
Laundry Gas & Electric Dryer Hookup
Exterior
Parking Features Attached Carport
Pool None
Community Features Biking,Gutters,Street Lights
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
View Y/N Yes
View Trees/Woods,City Lights
Building
Lot Description Lawn,Paved,Yard,0-1 Unit/Acre
Sewer Public Sewer