1120 E Elma St

Located in Ontario’s Downtown area, a TRI-PLEX located on a corner lot with 2 bedroom, 1 bath units with one car detached garages. The units were built in 1955 and are approximately 770 square feet each. Each unit has separate front and rear patios and individual washer/dryer hookups in the kitchen.  The gross income for rent and utility reimbursement from tenant to landlord is $4,894. Professionally managed them since June 2024. $120 pass thru utility charge per unit was put in place in August 2024 and all rents were increased in January 2025. The tenants are all long term. Another rent increase can go into place in January of 2026.