5% REAL CAP Rate in Pomona! We are pleased to exclusively offer for sale this 8 unit multi-family investment in the city of Pomona. The subject property is comprised of 4 single-story duplex style structures of which, all rental units are 1bed/1bath units. Total rental square footage is 5,376 making these large 1-Bedroom units, while the total lot size is 15,579 sqft with lots of open space. Given the additional open land to the rear of the property that may offer a new investor the opportunity to create onsite garage parking for the tenants, or even better, the opportunity to build an additional ADU (buyer to verify with the proper city authorities.) Tenants enjoy interior laundry hookups, private gated yards and entry ways, as well as tastefully appointed interiors. All units are separately metered for electricity and gas while the owner pays for water and trash. The subject property is located minutes to downtown Pomona and within walking distance to restaurants and retail. Priced at a current 5.05% CAP Rate and 13.64GRM, with a 20% upside in rental income, this investment is poised for growth for the next investor.
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