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Riverside,CA 92504
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 33,884 sqft
Price per Sqft $324
MLS Listing ID SB24174317
HOA Y/N No
Year Built 1967
Lot Size 1.558 Acres
Property Description
Trust sale – First time on market in decades. 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Income growth opportunity, tenant repositioning opportunity. The 91 freeway corridor is one of the fastest growing markets in southern California. Gross income has increased each year from 2022, 2023 and on track for 2024 gross income increase by $90,000. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not make any repairs.
Location
State CA
County Riverside
Area 252 - Riverside
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Carport,Driveway,Garage
Garage Spaces 4.0
Carport Spaces 25
Garage Description 4.0
Pool Fenced,In Ground,Private
Community Features Urban
Parking Type Carport,Driveway,Garage
Total Parking Spaces 43
Private Pool Yes
Building
Lot Description Lawn
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 226210019
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Trust