Log In/Sign Up
Your email has been sent.
Merrill Town Homes 15909 Merrill Ave 25 Unit Apartment Building $17,823,408 CAD ($712,936 CAD/Unit) 5.50% Cap Rate Fontana, CA 92335
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Be the proud owner of the Merrill Town Homes, a new 2025 construction six-building multifamily community on a well-planned site.
- Featuring 25 brand-new luxury residences with a desirable mix of two-bed, two-bath and three-bed, three-bath units.
- Property is a rare find, each unit includes a private backyard, quartz countertops, stainless steel appliances, and a car garage.
- Reach retail and dining favorites, including Starbucks, Target, Walmart Supercenter, 24 Hour Fitness, Costco, and Macy's, within a five-minute drive.
- Located in a growing area with high rental demand, over 36% of households within a 5-mile radius are renter-occupied.
EXECUTIVE SUMMARY
Introducing Merrill Town Homes at 15909 Merrill Avenue, a brand-new 25-unit luxury apartment community in the rapidly growing city of Fontana, where strong rental demand and a prime location create an exceptional investment opportunity.
This modern development comprises six beautifully designed buildings and offers 25 spacious units. Five units feature two bedrooms and two bathrooms, while 20 units offer three bedrooms and three bathrooms, ideal for families and professionals. Each unit boasts contemporary finishes, thoughtful layouts, and the rare amenity of its own private backyard, enhancing tenant comfort and appeal.
Located in desirable San Bernardino County, this apartment community offers exceptional connectivity with quick access to Interstates 10 and 15 and State Routes 66 and 210. For those looking to travel even further, the Ontario International Airport is 11 miles away, providing connections domestically and internationally.
Everyday needs are within easy reach, residents enjoy a short drive to shopping, dining, and entertainment at downtown, Empire Center, and Ontario Mills Mall. This property is less than a mile from the Fontana High School, Champions at Citrus Elementary School, Chaffey College Fontana Campus, and Kaiser Permanente Medical Center, placing quality education and essential healthcare within proximity to home. The surrounding area is a major employment corridor, home to large distribution centers for The Home Depot, Walmart, Amazon, and more.
With Merrill Town Homes' strategic location near schools, shopping, and major freeways, this property stands out as a high-performing asset in a thriving rental market.
This modern development comprises six beautifully designed buildings and offers 25 spacious units. Five units feature two bedrooms and two bathrooms, while 20 units offer three bedrooms and three bathrooms, ideal for families and professionals. Each unit boasts contemporary finishes, thoughtful layouts, and the rare amenity of its own private backyard, enhancing tenant comfort and appeal.
Located in desirable San Bernardino County, this apartment community offers exceptional connectivity with quick access to Interstates 10 and 15 and State Routes 66 and 210. For those looking to travel even further, the Ontario International Airport is 11 miles away, providing connections domestically and internationally.
Everyday needs are within easy reach, residents enjoy a short drive to shopping, dining, and entertainment at downtown, Empire Center, and Ontario Mills Mall. This property is less than a mile from the Fontana High School, Champions at Citrus Elementary School, Chaffey College Fontana Campus, and Kaiser Permanente Medical Center, placing quality education and essential healthcare within proximity to home. The surrounding area is a major employment corridor, home to large distribution centers for The Home Depot, Walmart, Amazon, and more.
With Merrill Town Homes' strategic location near schools, shopping, and major freeways, this property stands out as a high-performing asset in a thriving rental market.
MATTERPORT 3D TOURS
Explore 3BR, 2.5BA - 1,188SF
/2
SALE FLYER
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,304,233
|
$30.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$39,127
|
$0.92
|
| Effective Gross Income |
$1,265,106
|
$29.68
|
| Taxes |
$189,287
|
$4.44
|
| Operating Expenses |
$97,106
|
$2.28
|
| Total Expenses |
$286,393
|
$6.72
|
| Net Operating Income |
$978,713
|
$22.96
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,304,233 |
| Annual Per SF | $30.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $39,127 |
| Annual Per SF | $0.92 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,265,106 |
| Annual Per SF | $29.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $189,287 |
| Annual Per SF | $4.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $97,106 |
| Annual Per SF | $2.28 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $286,393 |
| Annual Per SF | $6.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $978,713 |
| Annual Per SF | $22.96 |
PROPERTY FACTS
| Price | $17,823,408 CAD | Apartment Style | Townhome |
| Price Per Unit | $712,936 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.87 AC |
| Cap Rate | 5.50% | Building Size | 42,631 SF |
| Gross Rent Multiplier | 13.67 | No. Stories | 2 |
| No. Units | 25 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 1.36/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R2 - R2 - Multifamily Zoning | ||
| Price | $17,823,408 CAD |
| Price Per Unit | $712,936 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 13.67 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.87 AC |
| Building Size | 42,631 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | R2 - R2 - Multifamily Zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Hardwood Floors
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Quartz Countertops
SITE AMENITIES
- Playground
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 5 | $3,628 CAD | 948 |
| 3+2.5 | 20 | $4,587 CAD | 1,188 - 1,684 |
NEARBY AMENITIES
HOTELS |
|
|---|---|
| Hilton Garden Inn |
115 rooms
7 min drive
|
| Four Points by Sheraton |
118 rooms
10 min drive
|
| Holiday Inn Express |
93 rooms
12 min drive
|
SALE ADVISOR
SALE ADVISOR
Shareef Awad, CEO
With Shareef Awad's experience in the industry, he will help you achieve your real estate goals by any means necessary. By following his formula of hard-work and persistence, you can trust that you are in the right hands in the ever-changing market of the real estate industry. He is a phone call away from making your real estate needs and dreams a reality!
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Emaar Enterprise
Merrill Town Homes | 15909 Merrill Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.