9240 Wheeler CT new Save Request In-Person Tour Request Virtual Tour
Fontana,CA 92335
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25158425
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
Laundry Common Area
Exterior
Parking Features Assigned,Carport,Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights,Urban
Building
Lot Description Cul-De-Sac
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan,1031 Exchange,FHA
Listing Terms Cash to New Loan,1031 Exchange,FHA
Special Listing Condition Standard