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$465,000
Est. payment /mo
3 Beds
2 Baths
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26212381
Bedrooms 3
Lot Size 8,712 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
INVESTORS-EARN GREAT RETURN/CAP RATE. STRONG CASH FLOW. GET IMMEDIATE RENTAL INCOME OF $3,045 gross monthly income from stable, ON-TIME PAYING TENANTS that never missed a payment in 2+ years. Located in a great neighborhood in Cherry Valley at the end of a quiet street. This TURNKEY property offers a front home with 2 bed + 1 bath (825 sq feet), and the detached back home has 1 bed + 1 bath (~500 sq ft). The total area from both homes is ~1,325 sq ft on a spacious 8,712 square feet lot with potential for an ADU and plenty of space for RV parking. The front home features an updated kitchen, spacious bedrooms, and central A/C. The rear home was extensively remodeled in 2023 and features a new kitchen with quartz countertops and cabinetry, new split A/C units and heat pump, water-resistant laminate flooring, and an upgraded electrical panel. Income today, flexibility for tomorrow, and plenty of room to make it your own! All information is deemed reliable but not guaranteed. Buyer and buyers agent are advised to independently verify all information, including square footage, permitted use, zoning, building permits, and potential uses with the appropriate government authorities.
Location
State CA
County Riverside
Community Horse Trails
Zoning Assessor
Direction Go on I-10 E. Exit 90 for Cherry Valley Blvd. Turn left onto Cherry Valley Blvd and follow it east for 1.2 miles. Turn right ont
Interior
Cooling Central Forced Air, Other/Remarks
Fireplace No
Exterior
Utilities Available Septic Installed
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 403190002
Acceptable Financing Cash, Conventional, Exchange, FHA
Listing Terms Cash, Conventional, Exchange, FHA
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Listed by William Leong, DRE#00991206 WiseChoice Real Properties
Nearby School & Business
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