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Idyllwild,CA 92549
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,350 sqft
Price per Sqft $233
MLS Listing ID 219134063
Bedrooms 5
Full Baths 1
Year Built 1961
Property Description
This mixed-use building presents a perfect investment opportunity with expansion potential already in place. The property features a commercial unit and five 1-bedroom, 1-bath apartments, all of which are consistently rented, ensuring steady income and minimal vacancy. Currently, the property generates $7,645 in monthly rent, with the potential to add $2,400 or more each month by finishing out the lower units. The building is on sewer and is located in a prime spot just off the highway, making it highly attractive for both residential and commercial tenants. Additionally, the vacant lot next door-also on sewer and available for sale-offers further possibilities for expansion or development. With its low-maintenance design and history of reliable occupancy, this property is an excellent choice for investors seeking both immediate cash flow and long-term growth. Consider purchasing the adjacent lot to maximize your investment and take advantage of this unique opportunity in a desirable town location.
Location
State CA
County Riverside
Area 222 - Idyllwild
Interior
Heating Heat Pump,Wall Furnace,Electric
Cooling Air Conditioning,Ceiling Fan(s)
Exterior
View Y/N false
Building
Story 2
Sewer In, Connected and Paid
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Standard