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Listed by Michael Lembeck • Citivest Realty Services, Inc
$ 2,100,000
Est. payment /mo
Active
22869 Adrienne Avenue Moreno Valley, CA 92553
10,000 SqFt
UPDATED:
12/17/2024 09:18 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $210
MLS Listing ID PW-24239554
Year Built 1971
Lot Size 0.320 Acres
Property Description
22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.
Location
State CA
County Riverside
Zoning R3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplaces Type None
Laundry Community
Exterior
Parking Features Gated
Pool None
Community Features Biking, Curbs, Gutters, Sidewalks, Suburban
View Y/N Yes
Building
Lot Description 11-15 Units/Acre
Sewer Sewer Paid