Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Triplex

Bedrooms

3

Building size

3,000 sqft

Lot size

70,567 sqft

Year built

1951

Stories

1

Garage spaces

1

Heating

Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

147

MLS #

242870959

About this property

BIG PRICE DROP! 3 Homes ON ONE 1.4 Acre lot with two APN numbers! Tons of potential and possibilities here for extended families or investors! Two houses on one lot PLUS a 3rd living unit in the form of a 1 bedroom 1 bath mobile home/trailer. The trailer normally rents for a lease amount of $700 plus per month and buyer can use the mobile home to produce monthly income if they wish. The larger 3 bedroom 2 bath adobe exterior house was totally renovated on the inside from the framing studs on up, so functionally the interior is NEW CONSTRUCTION. Main house is modern and new inside with a one car garage. It also has a bonus room at the back that could be used for a 4th bedroom. The second GREEN house is a 2 bedroom 1 bath unit and is about 700 sq ft. It has BRAND NEW CARPET flooring, mini split AC/heat system, dual paned vinyl windows with a carport for parking. the lot has two parcel APN numbers and is a total of 2.62 acres. The utilities are public for electricity and gas while water is provided through a private water share company in the area, but it also has an unused well site on the property that could be tapped. Sewer is on Septic tank. Bring your animals, horses, goats, chickens etc and use this property as an extended family compound or just a nice ranch home for a weekend getaway to ride horses or motorcycles if you wish.

Location

7530 Reche Canyon

Colton, Riverside, CA, 92324