$695,000
0 Fir Moreno Valley, CA 92553
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$695,000
Est. payment /mo
0.78 Acres Lot
UPDATED:
10/04/2024 11:47 AM
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24121263
HOA Y/N No
Lot Size 0.780 Acres
Acres 0.78
Property Description
*PERMIT READY*FULL MARKETING PACKAGE AVAILABLE UPON REQUEST*. 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
*PERMIT READY*FULL MARKETING PACKAGE AVAILABLE UPON REQUEST*. 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
*PERMIT READY*FULL MARKETING PACKAGE AVAILABLE UPON REQUEST*. 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
Location
State CA
County Riverside
Area Riv Cty-Moreno Valley (92553)
Others
Monthly Total Fees $303
Acceptable Financing Cash
Listing Terms Cash
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Listed by Bryant Brislin • The Hoffman Company
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