About 43611 State Highway 74
Great multi-unit income property! Ten units with seven 2 bedroom 2 bath apartments and three one bedroom one bath apartments. The property features a gated pool, carports with off street parking and storage, and a gated courtyard. There is an onsite laundry room with two coin operated washers and dryers with additional yearly income of around $1500. Several units have new water heaters. Six to seven of the units have newer flooring along with other updates ie bathroom vanities, stoves, shower surrounds, etc. One apartment has an AC unit less than a year old. The gated pool was remodeled with new plaster, new handrails, pump, etc. at the end of 2021. Convenient to shopping and Ramona Expressway.
Features of 43611 State Highway 74
| MLS® # | SW23047527MR |
|---|---|
| Price | $2,295,000 |
| Units | 10 |
| Bedrooms | 10 |
| Bathrooms | 10.00 |
| Square Footage | 10,000 |
| Acres | 0.31 |
| Year Built | 1964 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 43611 State Highway 74 |
|---|---|
| City | HEMET |
| County | Riverside |
| State | CA |
| Zip Code | 92544 |
Amenities
| Parking Spaces | 17 |
|---|---|
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Has Basement | No |
Additional Information
| Date Listed | March 24th, 2023 |
|---|---|
| Days on Market | 422 |
| Zoning | C-P-S |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 4.75 |
| Actual Annual Gross Rent | $165,108 |
| Net Operating Income | $128,333 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $33,480 |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $17,340 |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $16,068 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $18,000 |
Unit 5 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $19,920 |
Unit 6 Details
| Beds | 2 |
|---|---|
| Baths | 2.00 |
| Rent | $60,300 |
Listing Details
| Agent | Dana Anderson (00998181) |
|---|---|
| Office | Kimmell-Anderson Property Mng. |