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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 595,000
Est. payment /mo
Active
1220 East Campus Way Hemet, CA 92543
2,472 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $240
MLS Listing ID CV-25148426
Year Built 1956
Lot Size 9,538 Sqft
Property Sub-Type Triplex
Property Description
We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated and meticulously maintained, recent capital improvements include new copper plumbing, updated electrical systems, split A/C units, new dual-pane windows, new kitchens, modern flooring, and new privacy fencing--resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don't miss this rare chance to own a turn-key triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and 8 units property see MLS#CV25151759)
Location
State CA
County Riverside
Zoning CI
Interior
Heating None
Fireplaces Type None
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Biking, Golf, Horse Trails
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer