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23285 Highway 243

Idyllwild, CA 92549
  • $1,100,000
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: 219112756
UPDATED: 40 min ago
$1,100,000
  • 5
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,830
    SQFT
  • $389
    $/SQFT
Neighborhood:
Not Applicable
Type:
Multi-Family
Built:
1966
County:
Riverside
Area:
222 - Idyllwild

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Description

This is the perfect property for your investment. The complex features 5 units each 1 bedroom 1 bath. The ground floor consists of 3 of the units. The Upper level includes 2 units as well as a roof top patio. Total square footage is 2,856 on 0.15 acre lot. The parking offers easy access to the complex. All units have separately metered Electric and Propane Gas. Owner pays water which is billed every other month form the water district. The complex was re-roofed in 2023. The complex is fully rented with below market rents. This Investments is currently sitting at 5% cap rate. Units will be shown for serious inquiries. Seller may be willing to carry.

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©2024 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Coachella Valley. Based on information from the California Desert Association of Realtors as of 2024-09-12T23:36:16.04. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.kwcoachellavalley.com/homes/151526744
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23285 Highway 243 Idyllwild, CA 92549

  • Price: $1,100,000
  • Status: Active
  • On Site: 94 Days
  • Updated: 40 min ago
  • MLS #: 219112756
5
Beds
5
Baths
0
½ Baths
N/A
Acres
2,830
SQFT
$389
$/SQFT
1966
Built
Neighborhood:
Not Applicable
County:
Riverside
Area:
222 - Idyllwild
Property Description
This is the perfect property for your investment. The complex features 5 units each 1 bedroom 1 bath. The ground floor consists of 3 of the units. The Upper level includes 2 units as well as a roof top patio. Total square footage is 2,856 on 0.15 acre lot. The parking offers easy access to the complex. All units have separately metered Electric and Propane Gas. Owner pays water which is billed every other month form the water district. The complex was re-roofed in 2023. The complex is fully rented with below market rents. This Investments is currently sitting at 5% cap rate. Units will be shown for serious inquiries. Seller may be willing to carry.
Exterior Features

Gated Community No Levels Two Parking Driveway Property Sub Type Apartment Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 6.00 Total Uncovered Assigned Spaces 6.00 View No

Interior Features

Cooling Type None Fireplace No Flooring CarpetLinoleum Heating Wall Furnace Heating Fuel Propane Gas Rooms Other Total Fireplaces 2

Property Features

Land Type Fee Simple Listing Terms CashConventionalOwner May Carry Other Structural Features Balcony Owner Pays Water Pool No Property Attached Detached Yes Sale Type Standard Security Safety None Senior Community No Sewer Septic Tank Spa Hot Tub No Tax Mello Roos No Tenant Pays ElectricityGas Water Water District Water District Name Pine Cove Water District Water Heater Yes

Listing information © 2024 California Desert Association of Realtors.
Listing provided courtesy of Shane Stewart of Idyllwild Realty: (951) 659-2125.
©2024 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Coachella Valley. Based on information from the California Desert Association of Realtors as of 2024-09-12T23:36:16.04. 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 of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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