We are proud to present the opportunity to purchase 716 W Phillips St, a 15 townhome condominium community located in the City of Ontario. The property exceeds standard size with over 17,000 SF and spans across nearly 48,000 SF of land. 716 W Phillips St has an exceptional location. Tenants enjoy convenient access to several big name retailers like In N Out, Target, Home Depot, Sams Club, Kaiser Permanente Medical Center, Harbor Freight, 24 Hour Fitness, and much more. Some local attractions within a 10 mile radius include Victoria Gardens, Top Golf, Toyota Arena, Claremont Village, and more. The property is also located within a 25 mile radius of several notable So Cal attractions in San Gabriel Valley, Anaheim and Riverside. Tenants also enjoy a short 1.4 mile drive to either the10 or 60 Freeway, granting access to Los Angels, Orange, and Riverside Counties. 716 W Phillips St offers a stellar unit mix of 100% 2 Bedroom/2.5 Bathroom townhomes. Each unit boasts a huge town house style floorplan with nearly 1,200 SF each and is individually parceled. A new owner will benefit from this by having the option to keep as a bulk rental forever, sell off individually at once, or piece by piece throughout ownership. Each unit comes with built in laundry appliances, patios & balconies, and access to individual 2 car garages. The nearly 48,000 SF lot gives ample space to tenants with large yards, community/open garden space, and uncovered on site parking. A savvy investor may be able to create future development opportunities since the buildings only occupy only 35% of the total lot (buyer to investigate). Currently the property has the ability to generate approximately $31,926 in monthly rental income. Similar leased townhomes in the area achieved an effective rent of $2,600, allowing a new investor to capitalize on nearly 20% upside in rental income. Additional income at the property streams from a recently implemented utility reimbursement program tenants currently split the cost of major expenses like water and trash evenly.