21
See all 21 photos
$879,000
Est. payment /mo
7 Beds
6 Baths
Active
44083 Palm Avenue Hemet, CA 92544
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25102486
Bedrooms 7
Property Sub-Type Res Income 2-4 Units
Property Description
Investors: 5.21 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots--over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cash flow***. Seller financing possible.
Location
State CA
County Riverside
Zoning Assessor
Direction Fairview Ave to Palm Ave
Interior
Heating Forced Air Unit
Cooling Central Forced Air
Fireplace No
Exterior
Utilities Available Sewer Connected
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 549130020
Listed by Lawrence Erickson Casa Blanca Realty