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$649,000
Est. payment /mo
2 Beds
2 Baths
0.25 Acres Lot
OPEN HOUSE
Sat Oct 19, 11:00am - 2:00pm
UPDATED:
10/18/2024 11:36 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24207635
Bedrooms 2
HOA Y/N No
Lot Size 10,890 Sqft
Property Description
Duplex (2 Units) Near Downtown Riverside Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUsperfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, theres plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information: Zoned R1-7000 SFR, per the City of Riverside (buyer to verify) Buyers are encouraged to conduct due diligence on all matters, including but not limited to
Duplex (2 Units) Near Downtown Riverside Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUsperfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, theres plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information: Zoned R1-7000 SFR, per the City of Riverside (buyer to verify) Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering. No blind offers, please. This is a rare opportunity to invest in a growing area with plenty of potential!
Duplex (2 Units) Near Downtown Riverside Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUsperfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, theres plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information: Zoned R1-7000 SFR, per the City of Riverside (buyer to verify) Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering. No blind offers, please. This is a rare opportunity to invest in a growing area with plenty of potential!
Location
State CA
County Riverside
Area Riv Cty-Riverside (92501)
Zoning Assessor
Building
Lot Description Sidewalks
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $5
Acceptable Financing Conventional
Listing Terms Conventional
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Listed by Robert Esparza • Transunited Realty Group
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Nicole Hazelton
Broker Associate | License ID: 01819363
Broker Associate License ID: 01819363
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