$275,000
$270,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Stella Machado • Stella Machado Realty