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.
|
DAYS ON MARKET
|
53
|
LAST UPDATED
|
5/8/2025
|
|
YEAR BUILT
|
1955
|
COMMUNITY
|
Southwest Riverside County
|
|
COUNTY
|
Riverside
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Oven, Gas Range |
| AREA |
Southwest Riverside County |
| FIREPLACE |
Yes |
| GARAGE |
Driveway, Paved |
| HEAT |
Forced Air, Natural Gas |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Down |
| LOT |
0.54 acre(s) |
| LOT DESCRIPTION |
Back Yard, Level, Rectangular Lot |
| PARKING |
Driveway,Paved |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer,Sewer Tap Paid |
| STORIES |
1 |
| UTILITIES |
Electric: 220 Volts |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
R-R |
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Listed with Casa Blanca Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/29/25 1:25 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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