8132 Cypress Avenue, Riverside, CA 92503

$1,100,000
4,292
SqFt
List Price
$1,100,000
Status
ACTIVE
MLS#
IG19139365
Year Built
1959
Living Sq. Ft
4,292
Lot Size
17,424
Acres
0.4
Lot Location
Back Yard, Level with Street, Lot 10000-19999 Sqft
Days on Market
8
Property Type
Multifamily
Stories
One Level

Property Description

Very rare 6 unit apartment for sale after 28 years of proud ownership by the seller! Excellent opportunity for multi family investors! Below market rental rate in very high rental demand area in Riverside! 100% occupied! Long time tenants provide steady and stable rental income! Each unit consists of 2 bedroom and 1 full bathroom. Each unit's rent income is $1300, $1070, $1240, $1300, $1190, $1070, which the total monthly income is $7170. Close to parks, schools and shopping centers! Seller just painted fresh outside of the building! See it for yourself this great investment opportunity before someone else take it! DRIVE BY ONLY DUE TO CURRENT TENANTS NOT KNOWING IT'S FOR SALE! DO NOT DISTURB OCCUPANTS! BUYER WILL COOPERATE WITH SELLER'S 1031 EXCHANGE WITHOUT ANY COST TO THE BUYER.

Additional Information

Tract Number
9-174
Lot Description
Sidewalks
Appliances
Gas Oven, Gas Range
Pool Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
View
None
Roof
Shingle
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Richard Yoo from Richard Yoo, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.