Beaumont Park is a 33-unit apartment community located in one of the fastest growing cities of Riverside County, Beaumont, CA. The well-appointed asset is situated on a large 2.15-acre lot and provides tenants the benefit of low density living with only 15.3 units per acre, single story construction, and ample parking. The asset features an ideal unit mix of (70%) 2 Bed / 2 Bath units, and (30%) 1 Bed / 1 units, and boasts high occupancy, providing investors an opportunity to enhance yield in the near term with rent increases and recovery of loss-to-lease. Within a 15-, 30-, and 60-minute commute of Beaumont Park, there are approximately 24,500, 275,500, and 1.35 million jobs, respectively.
A Tremendous opportunity for an investor to develop 20 -25 residential homes in the up and coming city of Beaumont. Conveniently close to the 10 and 60 freeway. Within the city of Beaumont, an investor can potentially tap into the city's existing utility services (buyer to confirm). The lot is flat, usable and only a few feet from newly built homes.
This one acre parcel sits in the City of Cherry Valley with views all around ! Close to Oak Glen, shopping, and freeways . Perfect to build your dream home and enough space for all your toys and animals !