$1,225,000
$1,259,999
2.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
5 Baths
0.48 Acres Lot
SOLD DATE : 08/02/2024
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IG24121257
Sold Date 08/02/24
Bedrooms 8
HOA Y/N No
Lot Size 0.480 Acres
Property Description
Discover an exceptional investment opportunity with this charming property on nearly half an acre, perfect for adding substantial rental income to your portfolio. This unique offering includes a duplex with two spacious 2-bedroom, 1-bathroom units, a detached 3-bedroom, 2-bathroom house, and a cozy 1-bedroom, 1-bathroom studio. Additionally, a versatile detached garage/workshop holds potential for conversion into an ADU (Accessory Dwelling Unit), subject to approval from local authorities. All units are currently tenant-occupied, ensuring a steady stream of rental income from day one. With its variety of living spaces and generous lot size, this property promises both immediate returns and long-term growth for discerning investors.
Discover an exceptional investment opportunity with this charming property on nearly half an acre, perfect for adding substantial rental income to your portfolio. This unique offering includes a duplex with two spacious 2-bedroom, 1-bathroom units, a detached 3-bedroom, 2-bathroom house, and a cozy 1-bedroom, 1-bathroom studio. Additionally, a versatile detached garage/workshop holds potential for conversion into an ADU (Accessory Dwelling Unit), subject to approval from local authorities. All units are currently tenant-occupied, ensuring a steady stream of rental income from day one. With its variety of living spaces and generous lot size, this property promises both immediate returns and long-term growth for discerning investors.
Location
State CA
County Riverside
Area Riv Cty-Riverside (92509)
Zoning Public Rec
Building
Lot Description Curbs
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $3
Acceptable Financing Cash, Conventional, Land Contract
Space Rent $2,100
Listing Terms Cash, Conventional, Land Contract
Financing Conventional
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Bought with Rabinder Dhir • OFFERCITY HOMES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States