Cash flow, cash flow, cash flow! This Fourplex is a great investment opportunity. Located in the heart of Hemet near shopping centers and the Hemet Valley Mall. All four units are currently rented. The property features; separate electrical meters, separate AC / Furnace, and separate gas meters for each unit. Each unit has their personal parking port. The ground level of property contains three units along with a small laundry facility. The second story of property contains the fourth unit. The property is section 8 approved. Interior viewing of property is available with an acceptable offer. Submit all offers as soon as possible and take advantage of this great investment opportunity.
FOUR RESIDENTIAL INCOME UNITS in HEMET. All units feature 2 bedrooms, 1 bath. All baths w/ tubs. Units have been freshly painted and thoroughly cleaned/repaired before all current tenants. Central Ac & Heat. Newer laminate wood floors are easy to maintain. Kitchens are family convenient. Ranges are standard size and all in good working condition. Large cooking counters w/ plenty of cupboards for storage. Sliding glass doors for extra
light & enclosed patios for family entertainment. 3 units downstairs w/ private patios. Upstairs unit @ end over parking structure with privacy
on landing & stairs. Each front door entrance has a yard & fenced for privacy and security. Landscaping includes nice shrubs and grass. 1 carport space with lockable storage cupboard space for every tenant. All units rented with great-pay on time tenants. This apartment building is located in a strong rental demanded area for 2 bedroom units. just North of high traffic Florida Avenue, (Hwy 74). Close to shopping, schools, churches
for tenants family employment, educational (Mt. San Jacinto College) and entertainment needs. Close to the Historic Ramona Bowl Amphitheatre,
Hemet-Ryan Airport, Soboba Casino. EASY COMMUTE to I215, I10, Hwy's 74, 79 371 & 243 & the 111.
TWO ADJACENT APN's OFFERED IN ONE SALE DUE TO THE EXTRA LARGE DRIVEWAY. APN's #446-043-018 AND #446-043-019 CONSIST OF TWO 3 BEDROOM 1 BATH UNITS AND ONE 2 BEDROOM 1 BATH UNIT. ALL 3 UNITS ARE CURRENTLY VACANT AS THEY ARE BEING RENOVATED. WHEN LAST RENTED, THEY BROUGHT IN $2648 PER MONTHLY INCOME. THE PROPERTY ALSO CONSISTS OF THE 3 GARAGES FOR THE UNITS AS WELL AS AN EXTRA GARAGE / WORKSHOP WHICH CAN BE LEASED FOR ADDITIONAL INCOME. THIS IS THE REASON FOR THE 4 MAILBOXES ON THE STREET.
Residence with Two buildings and an Detached Garage that is larger than average size, 468 sq ft per assessor with an added workshop. Spacious rooms in the front unit that is approx. 2000 sq.ft. with 4 bedrms and 2 baths, and detached back house is approx. 600 sq ft.. Assessor records show 2,820 sq ft. total for both. Features include Rain gutters, Central Heating & Air Conditioning, Dishwasher, Stove and washer and dryer hookups. Recent remodeling provides a nice appeal to the investor with current income of $1,700 per month. Rent increases are feasible around $2000 a month. Repairs and Insurance are relatively low, offering a cap rate of almost 7% at full asking price less expenses, with room to grow. Location is convenient to shopping and on a cul te sac street. Concrete patios and loads of parking. Rear yard areas. Great home for either investor or owner who wants income to live in one and use guest house for family. Tax use: Residential 2 Or 3 Units. Many possibilities!!!
Fully Rehabbed Property from A to Z - Positive Cash Flow. All Units Feature 1 Bedroom and 1 Bathroom and New Kitchen Cabinets with Granite Counter Tops and New Stainless Steel Appliances - Refrigerator, Stove, Microwave, Garbage Disposal. Freshly Painted with Designer Colors Throughout. New Windows, New Laminate Wood Flooring, New Bathroom Toilet, Vanity Sink, Tub with Designer Tile Details. New Fan Light Fixtures Throughout. A Must See - Won't Last!
DUPLEX**DETACHED 2 BEDROOM UNITS**SHADED AND WELL MAINTAINED BACK YARDS**NOT APARTMENTS BUT ACTUAL HOMES**NEW FLOORING**NEW PAINT**ATTACHED GARAGES**INTERIOR LAUNDRY**LONG TIME TENANTS THAT CARE FOR THE PROPERTY AND PAY ON TIME