9240 Wheeler CT new Save Request In-Person Tour Request Virtual Tour
Fontana,CA 92335
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25158425
HOA Y/N No
Year Built 1978
Lot Size 8,102 Sqft
Property Sub-Type Quadruplex
Property Description
Fantastic 4-unit investment opportunity located on a quiet cul-de-sac in the heart of Fontana. This well-maintained 4-plex offers approximately 2,792 sq.ft. of living space on a generous 8,100 sq.ft. lot. The property features a flexible layout ideal for investors, multigenerational living, or owner-occupants—live in one unit and rent out the others. Unit A is a spacious 2-bedroom, 2-bathroom unit located downstairs and has been recently painted. Units B, C, and D are all 1-bedroom, 1-bathroom units located upstairs, and each has been recently upgraded. All units are equipped with central A/C and forced air heating, ensuring year-round comfort.
Each unit comes with its own 1-car garage and an additional carport space, totaling 8 dedicated parking spaces with potential for more. A coin-operated community washer and dryer provides additional income. The units are currently rented near market rates, delivering strong in-place cash flow. With a Gross Rent Multiplier (GRM) of 11.06 and an estimated CAP rate of 8.04%, this property is a rare opportunity to own a turnkey income-producing asset in a desirable and growing rental market. Please do not disturb tenants.
Location
State CA
County San Bernardino
Area 264 - Fontana
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned,Carport,Garage
Garage Spaces 4.0
Carport Spaces 4
Garage Description 4.0
Pool None
Community Features Street Lights,Urban
Total Parking Spaces 8
Private Pool No
Building
Lot Description Cul-De-Sac
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0194032240000
Acceptable Financing Cash to New Loan,1031 Exchange,FHA
Listing Terms Cash to New Loan,1031 Exchange,FHA
Special Listing Condition Standard