15 Luxury Townhome Style Units. Built in 2005. All 3 Bedrooms 2.5 baths. Units gated community is conveniently located within walking distance to the Walmart shopping center and restaurants (McDonald, Burger King) on Riverside Ave in Rialto. Easy access to 10 freeway. Total building square feet = 17,325; Lot size = 39,270 sq. ft.; Each unit is approx 1,150 sq.ft. with laundry hookup, 1 car garage, 1 parking space, and side garden. 2 guest parking in common area. Easy to manage newer units with low expenses. Current income = $243,000. Current operating expense = $52,471. Actual Cap = 5.9% Market rent is $261,000 Potential market cap rate = 6.43% Assumable financing available at 3.15%!
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