11 Unit Multifamily Townhome Pro, Moreno Valley, CA 92553
0.78 Acres of Residential Land Offered at $695,000 USD in Moreno Valley, CA 92553
Asking Price $695,000
- Property Type
-
Land
- Square Feet
- 33,977 SF
Listing Contacts
Bryant Brislin
Property Overview
PERMIT READY. This site has an approved site plan for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Unit Sizes: 1,222 sf Each | Parcel Size: ±.78 Ac (33,976 sf)
All available spaces
- Space
- Lot 1
- Size
- 33,977 SF
- Price
- $695,000
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