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Listed by Lawrence Erickson • Casa Blanca Realty
$ 879,000
Est. payment /mo
Price Dropped by $20K
44083 Palm Avenue Hemet, CA 92544
3,018 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,018 sqft
Price per Sqft $291
MLS Listing ID OC-25102486
Year Built 1955
Lot Size 0.540 Acres
Property Sub-Type Single Family Residence
Property Description
Investors: 5.21 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 below market rates, month-to-month leases. Long-term tenants. 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 cash flow***. Seller financing possible.
Location
State CA
County Riverside
Zoning R-R
Interior
Heating Forced Air
Flooring Laminate
Fireplaces Type Living Room
Laundry Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
Exterior
Parking Features Driveway - Combination, Paved
Pool None
Community Features Rural
View Y/N No
View None
Building
Lot Description Level, Rectangular Lot, Back Yard
Sewer Public Sewer, Sewer Paid