15394 Perris Blvd, Moreno Valley, CA 92551
4 Unit Apartment Building | $1,150,000 ($287,500/Unit) | 5% Cap Rate | Moreno Valley, CA 92551
For Sale
Active
Asking Price $1,150,000
- Property Type
-
Multifamily
- Square Feet
- 3,542 SF
Listing Contacts
Property Overview
lease do not disturb occupants. Quadruplex with 4 spacious 2 bedroom 1 bathroom units in high demand rental area. Each unit has central air and heat, 1 carport per unit off the street behind the building plus there are a 2 guest parking spaces. The interiors were all upgraded about 10 years ago. Building has a community laundry room. 5 electric meters, 5 gas meters, 1 water meter. Tenants pay their own electric and gas and landlord pays water and trash pickup. Quiet tenants and rents are paid. Good income and cap rate. $85,836 per year income with 5% cap rate. Proforma rent is $96,000. One unit can be increased in September and 2 can be increased in December of 2023
Property Details
- Year Built/Renovated
- 1979/2014
- Stories
- 2
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 4
Highlights
- High Demand Rental Market with Stable Long Term Tenants, High Visibility Location
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