8231 Tapia Via Dr
Rancho cucamonga, ca
Marcus & Millichap is pleased to present this 6 unit multifamily property located at 8231 Tapia Via Drive in Rancho Cucamonga, California. Situated on a large 9,000 square foot lot with 5,508 square feet of rentable area, the offering is composed of an excellent mix of 6- newly renovated 2 bedroom / 1 bathroom units.
In 2019, the property has undergone significant renovations throughout including updated plumbing, electrical, roof, and landscaping. Furthermore, all of the unit's interiors were renovated with new flooring, cabinets, stainless steel appliances, windows, doors, paint, kitchen, bathroom, etc. Lastly, the property boasts excellent parking with 6 private garages along with additional surface parking behind the building.
With the recent drop in interest rates, a buyer can expect to receive a fully amortized loan rate of 3.85% with a 33% down payment of $612,500. Utilizing this loan quote, a buyer's total return on his/her $612,500 investment would be an estimated 6.27%!
This fully turn-key investment presents an investor the perfect opportunity for a hassle-free investment with no deferred maintenance, in the ideal portion of Rancho Cucamonga, which is proximate to The Red Hills Country Club, Ontario Mills Mall, and Metrolink.