11411 Cherry AVE Active Save Request In-Person Tour Request Virtual Tour
Cherry Valley,CA 92223
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,178 sqft
Price per Sqft $557
Subdivision Solera (Slra)
MLS Listing ID EV24159859
HOA Y/N No
Year Built 1961
Lot Size 1.860 Acres
Acres 1.86
Property Description
Welcome to this fantastic investment opportunity in Cherry Valley, CA! This newly renovated property features 7 thoughtfully designed units, each offering the convenience of in-unit laundry hookups, central air conditioning, and heating.
Out of the 7 units, 6 are equipped with their own private 1-car garage, providing secure and convenient parking for tenants. Each unit is designed with comfort and practicality in mind, making them highly attractive to prospective renters.
With its blend of essential amenities and potential for rental income, this property presents an exceptional opportunity for investors or property managers looking to expand their portfolio. The strategic location in Cherry Valley ensures consistent demand and offers a promising return on investment. Don’t miss out on the chance to own this versatile and income-generating asset! Currently generates $17,750 in rental income, rent increase potential. Seller financing available.
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R-2
Rooms
Ensuite Laundry In Garage,Outside,See Remarks
Interior
Laundry Location In Garage,Outside,See Remarks
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry In Garage,Outside,See Remarks
Exterior
Garage Driveway,Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs,Sidewalks
Parking Type Driveway,Garage
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 404131025
Acceptable Financing Cash,Cash to Existing Loan,Conventional,1031 Exchange,Owner Will Carry,Submit
Listing Terms Cash,Cash to Existing Loan,Conventional,1031 Exchange,Owner Will Carry,Submit
Special Listing Condition Standard