4 separate single family residence, no steps. Large 35,800 sq ft lot with upside potential. Each unit is 2 bedroom 1 bath and has its own single attached car garages and patio. Washer hookup outside of units. The complex is fully occupied with long term tenants (newest is 5 yrs). Landlord pays water and trash. Tenants pay electricity and gas. Superior North Fontana Schools (Juniper Elementary K-5, Fontana Middle School and Fontana High School). Proforma rent is $5,250 per month, monthly expenses less taxes are $496, Proforma NOI is $60,659 per year making the Proforma CAP rate 7.5 See attachments for Development Possibilities. City of Fontana should Finalize Plan be end of October. General Plan: Walkable Mixed Use Corridor Downtown (WMXU-1) Zoning: General Commercial (C-2)
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