21840 Cottonwood, Moreno Valley, CA 92553
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,275,000
Est. payment /mo
5.99 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25243605

HOA Y/N No

Year Built 1976

Lot Size 5.990 Acres

Property Sub-Type Apartment

Property Description

THERE ARE TOTAL 4 PARCELS AS FOLLOW
263-170-004,263-170-003,263-170-006,263-170-007 TOTAL ALMOST 6 ACRES OF LAND .ONE PARCEL IS ZONED R-15 CAN BUILS UPTO 15-16 APARTMENTS REST IT IS R-3 3 HOUSES +3 ADU PER ACRE TOTAL DEVELOPMENT WILL BE 15 HOUSES AND 15 ADU+16 APRTMENTS.PLEASE CONFIRM WITH CITY.
AT PRESENT THERE ARE 6 UNITS TOTAL INCOME $10000 PER MONTH . TRIPLEX 2 3BD 1 BA UNIT AND 1 2BD 1BA AND 1 DUPLEX 2BD 1 BA AND ONE SINGLE FAMILY HOMES 2BD 1 BA. 3BD 1 BA UNIT PERFORMA RENT TO BE MINIMUM $2600 PER MONTH AND 2 BD SHOLD BE MINIMUM $2200 PER MONTH SO GROSS RENT SHOULD BE $14000 PER MONTH . MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. .PRICE REDUCED $125000.MAKE OFFERS.BRAND NEW ROOF ,NEW FLOORING ,NEW KITCHEN CABINETS INSTALLED. 6 UNITS ON 6 ACRES WITH POTENTIAL TO ADD MORE UNITS AND HOUSES.GREAT GREAT POTENTIAL PROPERTY.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Interior

Heating Central

Fireplace No

Laundry In Kitchen

Exterior

Pool None

Community Features Street Lights

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Other

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 263170004

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by Tilak Chopra CAL Top Realty & Investments 714-267-2552, DRE #00865458

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