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$ 3,500,000
Est. payment | /mo
1.82 Acres Lot
$ 3,500,000
Est. payment | /mo
1.82 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25242193
HOA Y/N No
Year Built 1953
Lot Size 1.820 Acres
Property Sub-Type Apartment
Property Description
This is 16 residential income units, built on two lots with six APN's (482-080-002; 482-080-003; 482-080-004; 482-080-005; 482-080-006; 482-080-007) being sold together as a package. There are 5 one-bedroom units, 10 two-bedroom units, and 1 three-bedroom detached single family house. All units are occupied and rent producing. Also included is an on-site laundry room with income generating coin operated machines, and a large fenced maintenance area which includes a storage room and stand alone sheds. There is room on the lot to add additional units and lots of parking space. There are 7 Section 8 tenants and 9 market tenants, with many being long-term providing very stable income. Owner pays water, common area electricity, trash, and grounds maintenance. Here are the property street addresses: 24281-24297 Atwood Ave. & 13130-13160 Scotty Lane. Lots of potential for growth or new development! Copies of 2023 appraisals can be provided upon request.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Heating Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 482080002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by CORDELL MCDONALD WSR REAL ESTATE 909-525-7260
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Kris Rainwaters
REALTOR® | Lic# 02111780