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$999,950

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8 Beds

4 Baths

9,583 Sqft Lot

Open Sat 1PM-4PM

9059 Colony Place Riverside, CA 92503

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Richard Combs

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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 AR25048685

Bedrooms 8

HOA Y/N No

Lot Size 9,583 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.
Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.

Location

State CA

County Riverside

Area Riv Cty-Riverside (92503)

Zoning Estimated

Interior

Cooling Central Forced Air

Exterior

Exterior Feature Stucco

Roof Type Composition

Building

Lot Description Cul-De-Sac, Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $14

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, Land Contract

Space Rent $1,950

Listing Terms Cal Vet, Cash, Conventional, Exchange, Land Contract

Virtual Tour https://my.matterport.com/show/?m=yGFPrUhyGQF&brand=0

Listed by Douglas Lee • COMPASS

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

9059 Colony Place Riverside, CA 92503

Richard Combs

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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9059 Colony Place