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$ 795,000
Est. payment | /mo
7 Beds
4 Baths
8,276 Sqft Lot
$ 795,000
Est. payment | /mo
7 Beds
4 Baths
8,276 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26234285
Bedrooms 7
Lot Size 8,276 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Three units on the East side of Hemet with an attractive unit mix, Central heat and A/C, garages, and patios. Strong rents give an investor over a 6% cap rate on actual rents and upside by raising rents immediately. All tenants are now eligible for a rent increase. Front unit is a spacious 3 bedroom and 2 baths with a large fenced yard and a 2 car garage. Property has a laundry room for all of the tenants to use, earns owner extra income, but there are laundry hookups in the garage of unit A as well. Other two units are 2 bedroom and 1 bath with a balcony or patio and single car garage. Separate meters for gas and electric to keep owner's expenses low. Property is 100% occupied and has a strong rental history with current tenants all having been there over one year. Low maintenance landscaping helps make this a great opportunity to own a low maintenance Income Property in a growing Hemet market.
Location
State CA
County Riverside
Zoning Assessor
Direction N/Florida St. & W/N. Hemet St.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 551281006
Acceptable Financing Cash
Listing Terms Cash
Listed by Richard Bell, DRE#01344469 Bell Realty Group
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