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44083 Palm Avenue

Hemet, CA 92544
  • $989,000
  • STATUS: Active
  • ON SITE: 327 Days
  • ID#: OC22040075
$989,000
  • 6
    BEDS
  • 0.54
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,018
    SQFT
  • $328
    $/SQFT
Type:
Single-Family Home
Built:
1955
County:

School Ratings & Info

School District:
Listing Agent(s): Lawrence Erickson of Casa Blanca Realty (949-929-7370)


Description

Investors: 4.28 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots--over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cashflow***.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-01T00:27:34.357. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
www.thenajargroup.com/homes/126588728
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44083 Palm Avenue Hemet, CA 92544

  • Price: $989,000
  • Status: Active
  • On Site: 327 Days
  • ID#: OC22040075
6
Beds
6
Baths
0
½ Baths
0.54
Acres
3,018
SQFT
$328
$/SQFT
1955
Built
Neighborhood:
Srcar - Southwest Riverside County
County:
Riverside
Area:
Srcar - Southwest Riverside County
School District:
Hemet Unified
Property Description
Investors: 4.28 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots--over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cashflow***.
Exterior Features

Lot Features Back YardLevelRectangular Lot Parking Features DrivewayPaved Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

Interior Features

Appliances Gas OvenGas Range Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Laminate Heating Forced AirNatural Gas Heating YN Yes Interior Features All Bedrooms Down Main Level Bathrooms 6 Main Level Bedrooms 7

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Rural Electric 220 Volts Garage YN No Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideLaundry Room Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public SewerSewer Tap Paid Special Listing Conditions Standard Structure Type House Water Source Public Zoning R-R



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-02-01T00:27:34.357. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Najar Group | Keller Williams Realty
1014 Broadway Ste C
El Cajon CA, 92021
Listing Agent(s): Lawrence Erickson of Casa Blanca Realty (949-929-7370)