$12,500,000
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8021 Mango Avenue Fontana, CA 92336
Apartment
Residence
Beds
Baths
41,880
Sq. Ft.
2.43
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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.
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MLS#
IV24168540
Property Type
Apartment
Status
Year Built
1985
Square Feet
41,880
sq. ft
Lot Size
2.43
Stories
2.0
Sewer
Public Sewer
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