GREAT Opportunity to OWN a 9 Unit FULLY REMODELED - CASH FLOW Property with ADU Possibilities * * WONDERFUL Location in Downtown Riverside is Minutes to ALL AMENITIES with the Mission Inn, Shopping, Dining, Restaurants, Entertainment, Transportation Services and Hospital/Medical Facilities * * This MULTI-FAMILY Property Offers (8) 1 Bed/1 Bath Units and (1) 2 Bed/1 Bath Unit, 4 Garages, Laundry Room and In-Front Parking Spaces * * 7 Units have been FULLY REMODELED and Upgraded with NEW Custom Bathrooms, REMODELED Kitchens with Stainless Steel Appliance Package and GRANITE SLAB Counters, NEW Fixtures, Updated Plumbing, Tankless Water Heaters, Mini Split Heating/AC Units & MUCH MORE * * The (4) Garages could be Converted to an ADU for Additional Income Opportunities * * This is Perfect for the SAVY Investor wanting to add to their Portfolio * * Located on a Palm Tree-Lined Street, this Property Exudes Curb Appeal & Charm - Close Proximity to Class A buildings further enhances its Desirability, Ensuring a Steady Stream of Demand from Tenants seeking Premium Accommodations. After an Impressive 40-year tenure, this Property is now hitting the Market, presenting an Exceptional Opportunity for Expansion in the Thriving IE market. Seller is MOTIVATED!!
MLS# | IG25056306 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1961 |
Days On Site | 43 |
Listing Provided By | Elevate Real Estate Agency 951-280-9832 | Tom Tennant |
SQ Feet | 5,019 |
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Story(s) | 2 |
Units | 9 |
Building(s) | 1 |
Acreage | 0.20 |
State | CA |
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County | Riverside |
City | Riverside |
Zip Code | 92501 |
Area | 252 Riverside |
Listing VS Median (in 92501) | |
Price: $2,700,000 low | high Med: $625,000 SqFt: 5,019 low | high Med: 2,504 $ / SqFt: $538 low | high Med: $250 On site: 43 low | high Med: 45.000000 |