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

SingleFamilyResidence

Bedrooms

2

Building size

1,325 sqft

Lot size

8,712 sqft

Year built

1958

Stories

1

Garage spaces

0

Style

Bungalow

Heating

Central

Cooling

Central Air,See Remarks

Pool

None

View

None

Status

Active

Days on market

6

MLS #

247996764

About this property

INVESTORS-EARN GREAT RETURN/CAP RATE. STRONG CASH FLOW. GET IMMEDIATE RENTAL INCOME OF $3,045 gross monthly income from stable, ON-TIME PAYING TENANTS that never missed a payment in 2+ years. Located in a great neighborhood in Cherry Valley at the end of a quiet street. This TURNKEY property offers a front home with 2 bed + 1 bath (825 sq feet), and the detached back home has 1 bed + 1 bath (~500 sq ft). The total area from both homes is ~1,325 sq ft on a spacious 8,712 square feet lot with potential for an ADU and plenty of space for RV parking. The front home features an updated kitchen, spacious bedrooms, and central A/C. The rear home was extensively remodeled in 2023 and features a new kitchen with quartz countertops and cabinetry, new split A/C units and heat pump, water-resistant laminate flooring, and an upgraded electrical panel. Income today, flexibility for tomorrow, and plenty of room to make it your own! All information is deemed reliable but not guaranteed. Buyer and buyer’s agent are advised to independently verify all information, including square footage, permitted use, zoning, building permits, and potential uses with the appropriate government authorities.

Location

10878 Crowther Lane

Cherry Valley, Riverside, CA, 92223