Hemet, CA 92543,1215 W Oakland AVE

$275,000

$270,000

1.9%
Est.Price: ?

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Est. payment /mo

8,189 Sqft Lot


SOLD DATE : 01/16/2015

Key Details

Sold Price $275,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SW14185094

Year Built 1972

Tax Year 2013

Lot Size 8,189 Sqft

Property Description

Please take a look at the pictures of this beautiful fourplex. It contains ONE 2&2 and THREE 2&1's. It's almost like new! Newer roof, newer HVAC systems, freshly painted, and newer framed windows. All units have a private backyard and the upper 2&1 unit has a private patio. All units have private carports. The interiors are very nice as you can see in the pictures. These units are huge at an estimated 900 SF each. Nice laundry room with it's own owned laundry facilities. Laundry room alone generates $200 per month! Only $49,750 down gets your money performing at an annual cash on cash return of 21.85%. Boost to market rents and your annual cash on cash return jumps to 30.65%. For a detailed cash flow analysis and aerial site photo and site plan, please see supplements.

Further, please see comparable sales attached in Supplements. These comps are clones just a few feet away except this unit is in better shape!! The Seller will beat these comps!!

Convenient central Hemet location. Within walking distance to shopping and schools for tenants that don't have cars. Bus stops very close.

Location

State CA

County Riverside

Area Srcar - Southwest Riverside County

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Utilities Available Sewer Connected

Building

Lot Description 2-5 Units/Acre

Water Public

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Charles Laird - CB Realty

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California Regional MLS (CRMLS)
Listed by Tony Burton • Burton Commercial, Inc.
Bought with Stella Machado • Stella Machado Realty

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