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222 N Alessandro St

Hemet, CA 92543
  • $450,000
  • STATUS: Active Under Contract
  • ON SITE: 33 days
  • ID#: 21-730066
Under Contract
$450,000
  • 4
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,700
    SQFT
  • $265
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Great investment opportunity! This 4Plex currently has 75% occupancy with the other vacant unit going to be available soon and it will rent in no time! This investment is also great because it can qualify for owner financing! Live in 1 unit and rent out the other 3. The property will pay for itself, and then some! The grounds are well kept and the tenants take great care of each unit. POSITIVE cash flow on this property when fully occupied with a cap rate over 5%!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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.
www.corrieluxuryhomes.com/homes/116980294
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222 N Alessandro St Hemet, CA 92543

  • Price: $450,000
  • Status: Active Under Contract
  • ID#: 21-730066
4
Beds
0
Baths
0
½ Baths
0.16
Acres
1,700
SQFT
$265
$/SQFT
Neighborhood:
Sage-Southwest Hemet
County:
Riverside
Area:
Sage-Southwest Hemet
Property Description
Great investment opportunity! This 4Plex currently has 75% occupancy with the other vacant unit going to be available soon and it will rent in no time! This investment is also great because it can qualify for owner financing! Live in 1 unit and rent out the other 3. The property will pay for itself, and then some! The grounds are well kept and the tenants take great care of each unit. POSITIVE cash flow on this property when fully occupied with a cap rate over 5%!
Exterior Features

Lot Size Area 6970 Other Structures None Parking Garage Parking Space Total Parking 4

Interior Features

Baths Total 4.00 Cooling Wall/Window Equipment Range/Oven Heating Floor Furnace

Property Features

Assessed Total Value 181320 Gross Income 42000 Gross Operating Income 40250 Like Units1 4 Net Operating Income 26655.25 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterOther Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGasMove In FeeMove Out Fee Total Annual Expense 13595 Type Of Units 4Plex Zoning R3

Listing provided courtesy of Damien Melle DRE#01382073 of Modern Real Estate Shop.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-12T23:42:42.417. 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.
 
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