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    222 N Alessandro St

    Hemet, CA 92543
    • $450,000
    • STATUS: Active Under Contract
    • ON SITE: 39 days
    • ID#: 21-730066
    Under Contract
    UPDATED: 7 min ago
    $450,000
    • 4
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,700
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Great investment opportunity! This 4Plex currently has 75% occupancy with the other vacant unit going to be available soon and it will rent in no time! This investment is also great because it can qualify for owner financing! Live in 1 unit and rent out the other 3. The property will pay for itself, and then some! The grounds are well kept and the tenants take great care of each unit. POSITIVE cash flow on this property when fully occupied with a cap rate over 5%!

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T14:42:51.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/116980294
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    222 N Alessandro St Hemet, CA 92543

    • Price: $450,000
    • Status: Active Under Contract
    • Updated: 7 min ago
    • ID#: 21-730066
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1,700
    SQFT
    $265
    $/SQFT
    Neighborhood:
    Sage-Southwest Hemet
    County:
    Riverside
    Area:
    Sage-Southwest Hemet
    Property Description
    Great investment opportunity! This 4Plex currently has 75% occupancy with the other vacant unit going to be available soon and it will rent in no time! This investment is also great because it can qualify for owner financing! Live in 1 unit and rent out the other 3. The property will pay for itself, and then some! The grounds are well kept and the tenants take great care of each unit. POSITIVE cash flow on this property when fully occupied with a cap rate over 5%!
    Exterior Features

    Lot Size Area 6970 Other Structures None Parking Garage Parking Space Total Parking 4

    Interior Features

    Baths Total 4.00 Cooling Wall/Window Equipment Range/Oven Heating Floor Furnace

    Property Features

    Assessed Total Value 181320 Gross Income 42000 Gross Operating Income 40250 Like Units1 4 Net Operating Income 26655.25 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterOther Sale Type Standard Source Living Area Owner Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGasMove In FeeMove Out Fee Total Annual Expense 13595 Type Of Units 4Plex Zoning R3

    Listing provided courtesy of Damien Melle DRE#01382073 of Modern Real Estate Shop.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-19T14:42:51.373. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377