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Multi-Family (2-4 Units)
A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO) due to grandfathered clause as a SRO dwelling and has a newer roof about 6 years old.GREAT MONEY MAKER. This property offers front house, a 2nd structure for storage and a 3rd larger Structure rear unit that houses 9 studio Dorm style bedrooms with a common kitchen. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house with kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms with common bathroom and kitchen. All 9 rooms have a closet space. Dorm #9 is much larger at rear with separate entry. These bunk studios share a bathroom,separate shower room with laundry sink and small Kitchen. Dorm / Bunk units rented on average at $500 each. Currently owner pays for all utilities except for the main house. New Security Camera system in place. Parking on driveway. Call Listing Agent 626-388-5518 TODAY!
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Multi-Family (2-4 Units)
located at 2944 6th Street, Riverside, CA
is currently for sale.
2944 6th Street, Riverside is listed
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