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$ 3,219,944
Est. payment | /mo
12,240 SqFt
$ 3,219,944
Est. payment | /mo
12,240 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,240 sqft
Price per Sqft $263
MLS Listing ID CRCV24220030
HOA Y/N No
Year Built 1968
Lot Size 0.910 Acres
Acres 0.91
Property Sub-Type Other
Property Description
We are pleased to exclusively present the opportunity to acquire 123 North Inez Street, a 28-unit multifamily investment property in the city of Hemet, California. The offering consists of multiple duplexes and cottage-style single-story units that were constructed between 1920 to 1968. The buildings sit on a single parcel of 0.91 acres (39,640 square feet) with approximately 200 feet of frontage on North Inez Street (east) and 100 feet of frontage on North Alessandro Street (west). The offering includes six studio/one-bathroom floor plans, twenty one-bedroom/one-bathroom floor plans, and two two-bedroom/one-bathroom floor plans. The buildings offer pitched roofs and were renovated with freshly painted exteriors. Selected units offer new vinyl flooring, new kitchen and bathroom cabinetry, new windows, and a private front/back patio. Each unit is equipped with a wall-unit air conditioning. The majority of units (22) are master metered for utilities. Six units are individually metered for gas, electricity and have individual hot water heaters. For parking, there are approximately twelve open parking spaces and other tandem parking spaces. The offering is located just north of East Florida Ave, also known as State Route 74, the principle thoroughfare that takes commuters west to the
Location
State CA
County Riverside
Zoning R3
Interior
Fireplace No
Laundry No Hookups
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 443223008
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Listed by David Covarrubias • MARCUS & MILLICHAP
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Patrick Nagel
REALTOR® | Lic# 1760790