44083 Palm Avenue

    Hemet, CA 92544
    • $570,000
    • STATUS: Active
    • ON SITE: 140 days
    • ID#: OC19148825
    UPDATED: 58 min ago
    $570,000
    • 0
      BEDS
    • 0.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $228
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    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 market rates, one month-to-month and two with leases, eight months remaining on lease term. 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 cashflow--cap rate 6 plus.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T12:30:23.97. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/96244517

    44083 Palm Avenue Hemet, CA 92544

    • Price: $570,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: OC19148825
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.54
    Acres
    2,500
    SQFT
    $228
    $/SQFT
    1955
    Built
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    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 market rates, one month-to-month and two with leases, eight months remaining on lease term. 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 cashflow--cap rate 6 plus.
    Exterior Features

    Garage Spaces 0.00 Lot Features Back YardRectangular LotLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - CombinationPaved Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Appliances Gas OvenGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 830 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Laminate Heating Forced AirNatural Gas Heating YN Yes Laundry Features Gas Dryer HookupIndividual RoomInsideWasher Hookup Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.32 Community Features Rural Country Us Electric 220 Volts Elevation Units Feet Gross Income 44160.00 Gross Scheduled Income 44160.00 Insurance Expense 1618.00 Land Lease YN No Laundry YN Yes Net Operating Income 37844.00 New Construction YN No New Taxes Expense 6000.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Number With Range 3 Operating Expense 6316.00 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public SewerSewer Paid Special Listing Conditions Standard Subdivision Name Other Sd Mc Cormick & Griffins Tenant Pays All Utilities Total Actual Rent 3680.00 Total Expenses 9346.00 Trash Expense 1728.00 Water Source Public Year Built Source Assessor Zoning R-R

    Listing provided courtesy of Lawrence Erickson of Casa Blanca Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-12T12:30:23.97. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
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