11411 Cherry AVE Active

Cherry Valley,CA 92223

$ 2888000

- Bed

- Bath

5178 SqFt


Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,178 sqft

Price per Sqft $557

Subdivision Solera (Slra)

MLS Listing ID EV24159859

Year Built 1961

Lot Size 1.860 Acres

Property Description

Welcome to this fantastic investment opportunity in Cherry Valley, CA! This newly renovated property features 7 thoughtfully designed units, each offering the convenience of in-unit laundry hookups, central air conditioning, and heating.

Out of the 7 units, 6 are equipped with their own private 1-car garage, providing secure and convenient parking for tenants. Each unit is designed with comfort and practicality in mind, making them highly attractive to prospective renters.

With its blend of essential amenities and potential for rental income, this property presents an exceptional opportunity for investors or property managers looking to expand their portfolio. The strategic location in Cherry Valley ensures consistent demand and offers a promising return on investment. Don?t miss out on the chance to own this versatile and income-generating asset! Currently generates $17,750 in rental income, rent increase potential. Seller financing available.

Location

State CA

County Riverside

Area 263 - Banning/Beaumont/Cherry Valley

Zoning R-2

Rooms

Ensuite Laundry In Garage,Outside,See Remarks

Interior

Laundry Location In Garage,Outside,See Remarks

Heating Central

Cooling Central Air

Fireplaces Type None

Laundry In Garage,Outside,See Remarks

Exterior

Garage Driveway,Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs,Sidewalks

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash,Cash to Existing Loan,Conventional,1031 Exchange,Owner Will Carry,Submit

Listing Terms Cash,Cash to Existing Loan,Conventional,1031 Exchange,Owner Will Carry,Submit

Special Listing Condition Standard

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