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$595,000

Est. payment - /mo

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2 Beds

2 Baths

1,273 SqFt

Active

4027 Dwight Avenue Riverside, CA 92507

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Richard Combs

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Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 1,273 sqft

Price per Sqft $467

MLS Listing ID CV25052736

Style Townhome

Bedrooms 2

Full Baths 2

Construction Status Turnkey

HOA Y/N No

Year Built 1943

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Townhome

Property Description

Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Banks Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of
Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Banks Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether youre looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.

Location

State CA

County Riverside

Area Riv Cty-Riverside (92507)

Zoning R2

Interior

Interior Features Granite Counters

Cooling Wall/Window

Flooring Tile

Equipment Gas Range

Appliance Gas Range

Laundry Garage

Exterior

Exterior Feature Vinyl Siding

Parking Features Garage - Single Door, Garage Door Opener

Garage Spaces 2.0

Fence Wood

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Mountains/Hills

Roof Type Composition,Shingle

Total Parking Spaces 2

Building

Lot Description Curbs, Sidewalks

Story 1

Lot Size Range 4000-7499 SF

Sewer Public Sewer

Water Public

Architectural Style Craftsman/Bungalow

Level or Stories 1 Story

Construction Status Turnkey

Others

Monthly Total Fees $5

Miscellaneous Storm Drains,Suburban

Acceptable Financing Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

Virtual Tour https://www.qwikvid.com/realestate/go/v1/mls/?idx=0pLg8viaFHrmgzKguzs9s8IYx2j30TuE

Listed by Caleb Hanson • KELLER WILLIAMS REALTY COLLEGE PARK

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

4027 Dwight Avenue Riverside, CA 92507

Richard Combs

Key Details

Location

Interior

Exterior

Building

Others

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4027 Dwight Avenue