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

Duplex

Bedrooms

3

Bathrooms

2

Building size

1,252 sqft

Lot size

6,098 sqft

Year built

1915

Stories

1

Garage spaces

2

Heating

None

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

53

MLS #

247202073

About this property

Great investment opportunity in the heart of Banning! This versatile duplex features two separate units with individual electric and gas meters, making it ideal for rental income or multi-generational living. The front unit offers 1 bedroom and 1 bathroom, complete with its own private fenced front yard, four dedicated parking spaces, and an extended driveway for added convenience. The rear unit features a spacious 2 bedroom, 1 bathroom layout, along with a private outdoor area and ample parking space, perfect for vehicles, equipment, or recreational toys. The long driveway extends from the front of the property all the way to the rear easement, providing additional parking and easy access throughout. Both units offer private, independent living spaces, creating a comfortable and functional setup for occupants. The property also includes a detached laundry room in a separate structure, as well as a detached two-car garage offering additional storage or parking potential. Situated on a fully fenced lot, the property provides privacy, security, and plenty of outdoor space for tenants or future improvements. Conveniently located near local shopping, dining, and with easy access to major commuter routes, this property presents an excellent opportunity for investors or buyers looking to offset their mortgage with rental income. Don’t miss your chance to own a well positioned, income producing property in a growing area!

Location

162 N 3rd

Banning, Riverside, CA, 92220