Description
Calling all investors looking for a multi-family property with upside potential! Current rent is below market at $1,070 per unit. Recent rental data for the area suggests a mid-range market rent of $2,100+ per month for 4-bedroom units in the 1,100 to 1,200 square foot range. All four units have four bedrooms and one bathroom. All tenants are month-to-month, and a rental activity report for the area is available upon request. 60-Day notices for termination of tenancy were issued to all tenants on 2/23/2023. A large portion of the lot is still undeveloped, which could possibly be used to create more revenue. The two units nearest to Cook Avenue have fenced yards, and all the units have detached, 2-car garages. Currently, the water is all on one meter, and all other utilities are metered separately. The units are in average condition inside, and the exterior could use a coat of paint, some dry rot repair on the wood, and some nicer landscaping. A video of one of the units is available upon request. This location boasts tons of convenient amenities, including multiple grocery stores, Walmart, Lowes, the AMC theater, Challen Park, El Dorado Park, public schools, and North-West College Riverside all within six minutes drive or less, per Google. The property appraised in December 2022 for $1,000,000. Calling all investors looking for a multi-family property with upside potential! Current rent is below market at $1,070 per unit. Recent rental data for the area suggests a mid-range market rent of $2,100+ per month for 4-bedroom units in the 1,100 to 1,200 square foot range. All four units have four bedrooms and one bathroom. All tenants are month-to-month, and a rental activity report for the area is available upon request. 60-Day notices for termination of tenancy were issued to all tenants on 2/23/2023. A large portion of the lot is still undeveloped, which could possibly be used to create more revenue. The two units nearest to Cook Avenue have fenced yards, and all the units have detached, 2-car garages. Currently, the water is all on one meter, and all other utilities are metered separately. The units are in average condition inside, and the exterior could use a coat of paint, some dry rot repair on the wood, and some nicer landscaping. A video of one of the units is available upon request. This location boasts tons of convenient amenities, including multiple grocery stores, Walmart, Lowes, the AMC theater, Challen Park, El Dorado Park, public schools, and North-West College Riverside all within six minutes drive or less, per Google. The property appraised in December 2022 for $1,000,000.
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4BEDS
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0.44ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Calling all investors looking for a multi-family property with upside potential! Current rent is below market at $1,070 per unit. Recent rental data for the area suggests a mid-range market rent of $2,100+ per month for 4-bedroom units in the 1,100 to 1,200 square foot range. All four units have four bedrooms and one bathroom. All tenants are month-to-month, and a rental activity report for the area is available upon request. 60-Day notices for termination of tenancy were issued to all tenants on 2/23/2023. A large portion of the lot is still undeveloped, which could possibly be used to create more revenue. The two units nearest to Cook Avenue have fenced yards, and all the units have detached, 2-car garages. Currently, the water is all on one meter, and all other utilities are metered separately. The units are in average condition inside, and the exterior could use a coat of paint, some dry rot repair on the wood, and some nicer landscaping. A video of one of the units is available upon request. This location boasts tons of convenient amenities, including multiple grocery stores, Walmart, Lowes, the AMC theater, Challen Park, El Dorado Park, public schools, and North-West College Riverside all within six minutes drive or less, per Google. The property appraised in December 2022 for $1,000,000. Calling all investors looking for a multi-family property with upside potential! Current rent is below market at $1,070 per unit. Recent rental data for the area suggests a mid-range market rent of $2,100+ per month for 4-bedroom units in the 1,100 to 1,200 square foot range. All four units have four bedrooms and one bathroom. All tenants are month-to-month, and a rental activity report for the area is available upon request. 60-Day notices for termination of tenancy were issued to all tenants on 2/23/2023. A large portion of the lot is still undeveloped, which could possibly be used to create more revenue. The two units nearest to Cook Avenue have fenced yards, and all the units have detached, 2-car garages. Currently, the water is all on one meter, and all other utilities are metered separately. The units are in average condition inside, and the exterior could use a coat of paint, some dry rot repair on the wood, and some nicer landscaping. A video of one of the units is available upon request. This location boasts tons of convenient amenities, including multiple grocery stores, Walmart, Lowes, the AMC theater, Challen Park, El Dorado Park, public schools, and North-West College Riverside all within six minutes drive or less, per Google. The property appraised in December 2022 for $1,000,000.
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Listing provided courtesy of Keller Williams Realty College Park: [IDXCONTACTINFORMATION].
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Source: CRMLS