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$933,000
Est. payment /mo
10,019 Sqft Lot
UPDATED:
12/30/2024 04:15 PM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV24175899
Originating Board California Regional MLS
Year Built 1953
Lot Size 10,019 Sqft
Property Description
Pride of ownership but priced like a fixer. Discover a lucrative opportunity with these four single-family detached homes, ideally positioned on a spacious corner lot with room to add an additional home-perfect for future expansion and increased rental income. Each home offers a functional, modern design with an open-concept living area, a sleek kitchen, one bedroom, and a well-appointed bathroom featuring a tiled shower. Occupancy Details: Units 2, 3, and 5 are tenant-occupied; Unit 4 is available for showings. There is no Unit 1. Please do not disturb tenants. Investor Highlights: Professionally managed. Turnkey Condition: Remodeled in 2022, minimizing immediate maintenance needs. Income Flexibility: Maximize cash flow by renting all four homes, go owner-occupied utilizing a small down payment, or add additional units for added revenue. Utility Arrangements: Tenants pay for electricity, trash, and sewer, owner covers water and gas (gas limited to hot water heaters only). Scalable Investment: Tiny home community. This property is an outstanding investment, offering solid rental income today and substantial growth potential for the future.
Location
State CA
County Riverside
Area 252 - Riverside
Rooms
Kitchen Oven Range - Electric, Oven - Electric
Interior
Heating Multi Type
Cooling Window / Wall Unit
Flooring Laminate
Laundry None
Exterior
Pool None
Building
Story One Story
Foundation Raised
Water District - Public
Others
Tax ID 147071015
Special Listing Condition Not Applicable
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Listed by MISTY BRITTON • RIVERSIDE REAL ESTATE PROS
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Sharad Gupta
Broker | License ID: 02213637
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