About 522 N Spring St
Three fully occupied units centrally located just one block off main street and nearly adjacent to the freeway! This property consists of one building which functions as a duplex with a bedroom unit and a studio unit as well as a separate structure which is also currently rented out as a studio. Total monthly rents on all three are approx. $3700/mo! Despite its central location and easy access these units are located on a small non-through street access providing great privacy. The main building has central heating/ac the secondary building utilizes wall units. The 6000 sq. ft. lot provides plenty of parking and a lot of the flooring had been replaced prior to current tenant move-ins.
Features of 522 N Spring St
| MLS® # | SW23187026MR |
|---|---|
| Price | $449,990 |
| Units | 3 |
| Bedrooms | 1 |
| Bathrooms | 3.00 |
| Square Footage | 1,308 |
| Acres | 0.14 |
| Year Built | 1928 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 522 N Spring St |
|---|---|
| City | LAKE ELSINORE |
| County | Riverside |
| State | CA |
| Zip Code | 92530 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Heating | Central, Space Heater |
|---|---|
| Cooling | Central |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 1 |
| Has Basement | No |
Additional Information
| Date Listed | October 6th, 2023 |
|---|---|
| Days on Market | 111 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 8.00 |
| Net Operating Income | $36,199 |
Unit 1 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,350 |
Unit 2 Details
| Baths | 1.00 |
|---|---|
| Rent | $1,095 |
Unit 3 Details
| Baths | 1.00 |
|---|---|
| Rent | $1,257 |
Listing Details
| Agent | Jarrod Whitehorn (01480456) |
|---|---|
| Office | Jarrod Whitehorn, Broker |