About 25478 Roufus Rd
Great 4-unit income investment property with an income producing storage yard and a 2-car garage on a 1.38 acre parcel. The location is quiet, up on a hill and has amazing panoramic views of mountains and hills. All units are rented with established tenants. 60k owned ground mounted solar system installed a few years ago. Each unit has a sub-meter to track energy use. Tenants pay for any usage over what the solar produces. Paved parking galore. Multiple RVs, boats, vehicles and toys can be parked there. Well water with 2 new 5000 gallon water tanks and a subterranean well-pump system recently installed. One unit had some upgrades in 2019, and another unit had some upgraded in 2017. All units have washer and dryer hook-ups and heating and air. Two septic systems on property. One structure just recently had the water heater replaced. Storage yard and units have securable fencing. Property is fully fenced. Rural residential zoning. Cash or 1031 exchange only.
Features of 25478 Roufus Rd
| MLS® # | SW24067496MR |
|---|---|
| Price | $729,000 |
| Units | 4 |
| Bedrooms | 7 |
| Bathrooms | 5.00 |
| Square Footage | 3,144 |
| Acres | 1.00 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 25478 Roufus Rd |
|---|---|
| City | MENIFEE |
| County | Riverside |
| State | CA |
| Zip Code | 92584 |
Amenities
| Parking Spaces | 22 |
|---|---|
| # of Garages | 2 |
| Garages | Built-In Storage, RV Access, RV Gated |
| View | Panoramic |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
| Has Basement | No |
Additional Information
| Date Listed | April 5th, 2024 |
|---|---|
| Days on Market | 44 |
| Zoning | R-A-2 1/2 |
| Foreclosure | No |
| RE / Bank Owned | No |
| Cap Rate | 7.40 |
| Gross Operating Income | $5,619 |
| Net Operating Income | $4,352 |
Unit 1 Details
| Beds | 3 |
|---|---|
| Baths | 2.00 |
| Rent | $1,680 |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $1,200 |
Unit 3 Details
| Beds | 1 |
|---|---|
| Baths | 1.00 |
| Rent | $840 |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 1.00 |
| Rent | $945 |
Listing Details
| Agent | Kristina Sanders (02106110) |
|---|---|
| Office | Signature Real Estate Group |