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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,350,000

Est. payment - /mo

9,583 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25048685

Construction Status Turnkey

HOA Y/N No

Year Built 1978

Lot Size 9,583 Sqft

Property Sub-Type Quadruplex

Property Description

Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R3

Interior

Interior Features Unfurnished, All Bedrooms Down

Heating None

Cooling Central Air

Flooring See Remarks

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator

Laundry Common Area, See Remarks

Exterior

Parking Features On Site, Paved, Private, One Space, Uncovered

Fence Wood

Pool None

Community Features Suburban, Sidewalks

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition

Accessibility See Remarks

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard, Cul-De-Sac, Rectangular Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style See Remarks

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 191071007

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Cal Vet Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Douglas Lee • COMPASS • 650-279-1212

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9059 Colony PL Riverside, CA 92503