8021 Mango Avenue Active Save Request In-Person Tour Request Virtual Tour
Fontana,CA 92336
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 41,880 sqft
Price per Sqft $298
MLS Listing ID IV-24168540
Year Built 1985
Lot Size 2.430 Acres
Property Description
True value-add opportunity by replacing current below market rents & continuing unit renovations. / 6.25% ProForma Cap Rate / ProForma Rents will be achieved with new lease ups. / Rents for subject property are approximately 40% under market per recent rental survey conducted. / Excellent Unit Mix of 70% 2-Bedroom, 2- Bathroom Units (40), & 30% 1-Bedroom, 1- Bathroom Units (16). First time to the market in 30+ years. True value-add opportunity, with rents for subject property being approximately 40% under market. Welcome to this exceptional 56-unit apartment building the Mango Tree Apartments, ideally located in the heart of Fontana, CA. Built in 1985 and set on a generous 2.43-acre lot, this property offers a perfect blend of comfort and convenience for residents. The community features 16 spacious one-bedroom, one bathroom units and 40 two-bedroom, two-bathroom units. Residents benefit from private balconies, perfect for relaxing and enjoying the surroundings.
Location
State CA
County San Bernardino
Interior
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Gated
Pool Community
Community Features Suburban
Building
Lot Description 26-30 Units/Acre
Sewer Public Sewer