$629,000

44083 Palm Avenue

Hemet CA, 92544

Description

Investors: 6.12 cap rate! ***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.

Details

MLS#OC20174052
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site149

Features

SQ Feet2,500
Units3
Building(s)1

Market Activity 92544

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Area Information
StateCA
CountyRiverside
CityHemet
Zip Code92544
AreaSRCAR - Southwest Riverside County
Listing VS Median (in 92544)
Price:
$629,000
low | high
Med:
$277,000
100% of Average
SqFt:
2,500
low | high
Med:
1,224
100% of Average
$ / SqFt:
$252
low | high
Med:
$227
59.970335801153% of Average
On Site:
149
low | high
Med:
249.5
59.719438877756% of Average
Listing Updated: December 14, 2020 2:38:20 AM PST
Lawrence Erickson LogoMLS Number: OC20174052
Listing Provided By:
Lawrence Erickson  of  Casa Blanca Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.