$609,000
$609,000
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0.61 Acres Lot
SOLD DATE : 05/22/2024
Key Details
Sold Price $609,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,None
MLS Listing ID TR23124320
Sold Date 05/22/24
HOA Y/N No
Year Built 1964
Lot Size 0.610 Acres
Property Description
Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out!
Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R3
Interior
Interior Features Open Floorplan, Tile Counters, Bedroom on Main Level
Heating Natural Gas, See Remarks
Cooling None
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Accessibility See Remarks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Septic Type Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 540170028
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Jenny Zhang • A + Realty & Mortgage
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REALTORS® | Lic# 01155199 | 02051274