CA > Idyllwild > Not Applicable-1
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,250,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219134063DA

HOA Y/N No

Year Built 1961

Property Description

This mixed-use building presents a perfect investment opportunity with expansion potential already in place. The property features a commercial unit and five 1-bedroom, 1-bath apartments, all of which are consistently rented, ensuring steady income and minimal vacancy. Currently, the property generates $7,645 in monthly rent, with the potential to add $2,400 or more each month by finishing out the lower units. The building is on sewer and is located in a prime spot just off the highway, making it highly attractive for both residential and commercial tenants. Additionally, the vacant lot next door-also on sewer and available for sale-offers further possibilities for expansion or development. With its low-maintenance design and history of reliable occupancy, this property is an excellent choice for investors seeking both immediate cash flow and long-term growth. Consider purchasing the adjacent lot to maximize your investment and take advantage of this unique opportunity in a desirable town location.

Location

State CA

County Riverside

Area 222 - Idyllwild

Interior

Heating Electric, Heat Pump, Propane, Wall Furnace

Flooring Carpet, Laminate, Tile

Fireplace No

Exterior

Parking Features Driveway

View Y/N No

Total Parking Spaces 20

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 565070001

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Ashley Stewart Idyllwild Realty

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