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Idyllwild,CA 92549
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,350 sqft
Price per Sqft $233
MLS Listing ID 219134063DA
Bedrooms 5
Full Baths 1
Year Built 1961
Property Sub-Type Multi-Family
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 Idyllwild
Interior
Heating Electric, Heat Pump, Propane Gas, Wall
Cooling Air Conditioning, Ceiling Fan
Flooring Carpet, Laminate, Tile
Equipment Ceiling Fan
Exterior
Parking Features Driveway
Garage Spaces 20.0
View Y/N No
Building
Story 2
Sewer In Connected and Paid
Others
Special Listing Condition Standard