Whether you're an investor or a buyer seeking a multi-unit property to live in while generating rental income, this is an opportunity you won’t want to miss. The potential for house hacking is enormous—live in one of the units while collecting rents from the others, or enjoy the steady, reliable income stream as an investor. Not only can you build an additional 3 units on the property, the property also generates a strong net operating income (NOI) of $88,371 annually, making it a high-yield investment with exceptional growth potential in a booming area. With a cap rate of * * 7.1% * * , this property represents a highly attractive opportunity for anyone looking to capitalize
This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. University Gardens (88 units) is located in the robust rental market of Riverside, California. Built in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on
This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. Normandy Apartments (25 units) located in the robust rental market of Riverside, California. Built in 1971 the property consist of approximately 22,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 3 Bedroom, 2 Bedroom, and 1 Bedroom units. The property is situated on approximately . 82 acres of land that include tuck under parking, carports, open on-
Property is priced for condition and has 4 Cute 1 bedroom/1-bathroom units, located on the corner of Linden and Dwight. The units are approximately 750 square feet each. Each unit has a 1 car garage and laundry. There are 4 electric and gas meters. Water sewer and trash are Ratio'd. Most units have window AC units and gas wall heaters. Unit 1936 Bathroom tub and shower recently rehabbed, also painted. 1938 has been recently painted and new carpet was recently installed. 3512 Dwight Avenue has a long-term tenant and was rehabbed prior to tenant moving in 2019. 1948 Linden unit tenants have lived here since before the current owner purchased. Bathroom could use some updating. Features a 1 car
6 units. One studio, one 1 bedroom, two 2 bedroom and two 3 bedroom units, good mix. Building has a solid roof, dual pane windows, newer exterior paint, some units have been updated as tenants move out and rents increasing.
This vacant lot is a great piece of property, near schools and market and University of Riverside. It is at a Historical area of Riverside. Electric, water, and sewer is available at the property. The lot is close to downtown riverside & the famous Riverside Landmark Mission Inn. Zoning R-1 for single family residence use. You can build a large 5+ beds rooms house/ 3000+ SF with large back yard too.