$2,599,000

Est. payment - /mo

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8 Beds

5.97 Acres Lot

Price Dropped by $100K

21840 Cottonwood Avenue Moreno Valley, CA 92553

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Kurt Wannebo

kurt@wanneboreg.com +1(858) 405-5878

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW23150505

Bedrooms 8

HOA Y/N No

Lot Size 5.969 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

There are total 6 acres of land and 6 apartments, selling as land value as you can build additional houses and apartments on this property, it is an excellent location for development. Rental income effective Feb 1,2024 will be $8285 which is way below market rent ,Market rent for 2 bd is $2100 and 3 bd 2800 . Market rent could be $12000+ per month
There are total 6 acres of land and 6 apartments, selling as land value as you can build additional houses and apartments on this property, it is an excellent location for development. Rental income effective Feb 1,2024 will be $8285 which is way below market rent ,Market rent for 2 bd is $2100 and 3 bd 2800 . Market rent could be $12000+ per month

Location

State CA

County Riverside

Area Riv Cty-Moreno Valley (92553)

Zoning Other

Building

Lot Description Curbs

Story 1

Sewer Other/Remarks

Level or Stories 1 Story

Others

Monthly Total Fees $24

Acceptable Financing Cash

Space Rent $1,575

Listing Terms Cash

Listed by Tilak Chopra • CAL Top Realty & Investments

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

21840 Cottonwood Avenue Moreno Valley, CA 92553

Kurt Wannebo

Key Details

Location

Building

Others

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21840 Cottonwood Avenue