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577 & 597 Montecito Ave

Hemet, CA 92543
  • $1,945,000
  • STATUS: ACTIVE
  • ON SITE: 14 Days
  • ID#: 210031530
Price Reduced
UPDATED: 72 min ago
$1,945,000
  • 16
    BEDS
  • 0.54
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Variance granted Commercial Res Income. Fantastic investment property with lots of upswing. Low maintenance and high rentability. Long term tenants. All units have an enclosed patio areas and 2 full car garages. Two units have backyards with fireplaces. 2 units could possible be converted to additional bedroom which will mean more income. (check with city planning for restrictions). All units have washer/dryer hookups inside unit. Owner is willing to sell these 4 individual or with additional building located adjacent with 4 more units (577 Montecito Ave APN # 446-320-068). Buyer has potential to own 8 complete units at ($12000/mo income) for both buildings !!!

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.themarellygroup.com/homes/123358537
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577 & 597 Montecito Ave Hemet, CA 92543

  • Price: $1,945,000
  • Status: ACTIVE
  • On Site: 14 Days
  • Updated: 72 min ago
  • ID#: 210031530
16
Beds
16
Baths
0
½ Baths
0.54
Acres
Neighborhood:
Riv Cty-Hemet (92543)
County:
Riverside
Area:
Riv Cty-Hemet (92543)
Property Description
Variance granted Commercial Res Income. Fantastic investment property with lots of upswing. Low maintenance and high rentability. Long term tenants. All units have an enclosed patio areas and 2 full car garages. Two units have backyards with fireplaces. 2 units could possible be converted to additional bedroom which will mean more income. (check with city planning for restrictions). All units have washer/dryer hookups inside unit. Owner is willing to sell these 4 individual or with additional building located adjacent with 4 more units (577 Montecito Ave APN # 446-320-068). Buyer has potential to own 8 complete units at ($12000/mo income) for both buildings !!!
Exterior Features

Carports 0 Construction BrickDrywallFrameStucco Exterior All Auto SprinklersWood Fence Parking Garages Parking Spaces Total 16 Roof Composition Units With Garages 8

Interior Features

Cooling Heat Pump Floor Coverings TileVinyl Floors Slab Heating Heat Pump Sq Ft Of Improvement 4000 Stories 1 Story Unit Furnished1 No Units With Refrigerators 8

Property Features

Actual Gross Scheduled Income 144000.0 Actual Operating Expense 5272 Assumable Finance 0 Buildings 2 Gross Equity 1751000 Gross Multiplier 14.58 Have 8 Residential Units Leased Apartments 8 Mandatory Remarks None Known Monthly Rent Total 12000 Motive Want Sell Other Income Amount Na Other Income Source Rent Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 8 Unit Rent Total1 12000 Unit Rent1 1500 Unit Type FourplexOther/Remarks

Listing provided courtesy of Centrixusa. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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