Description

Rare opportunity to acquire two adjacent fourplexes (1226 W 11th St and 1232 W 11th St) totaling 8 residential units on two separate parcels with two APNs in Upland, CA. Located just one block south of Foothill Blvd, these properties are being sold together, offering investors the opportunity to expand their multifamily portfolio with two neighboring income-producing assets. Residential financing is available for each property individually. All 8 units feature a desirable 2-bedroom, 1.5-bathroom floor plan. Each unit is separately metered for electricity and gas, while a central 100-gallon water heater services each fourplex. The landlord is responsible for water, sewer, and trash expenses. Both properties offer on-site laundry facilities operated by a third-party laundry company, providing added convenience for tenants. The two laundry rooms also have its own separate gas and electric meters. Additional features include front and rear privacy gates, a sprinkler system in the front and courtyard, and rear alley access for added convenience. Parking includes four garages per fourplex. Tenant storage areas are also provided within the garages. All tenants are currently on month-to-month leases. Three (3) units can be delivered vacant at Close of Escrow.