$609,000
$609,000
For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
0.61 Acres Lot
SOLD DATE : 05/22/2024
Key Details
Sold Price $609,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR23124320
Sold Date 05/22/24
Bedrooms 4
HOA Y/N No
Lot Size 0.610 Acres
Property Description
Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out! Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.
Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out! Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.
Location
State CA
County Riverside
Area Riv Cty-Banning (92220)
Zoning Public Rec
Interior
Heating Natural Gas
Appliance Other/Remarks
Building
Lot Description Sidewalks
Story 1
Others
Monthly Total Fees $5
Acceptable Financing Cash
Space Rent $1,020
Listing Terms Cash
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jenny Zhang • A + Realty & Mortgage