11411 Cherry Avenue Cherry Valley, CA 92223
Welcome to this fantastic investment opportunity in Cherry Valley, CA! This newly renovated property features 7 thoughtfully designed units, each offering the convenience of in-unit laundry hookups, central air conditioning, and heating. Out of the 7 units, 6 are equipped with their own private 1-car garage, providing secure and convenient parking for tenants. Each unit is designed with comfort and practicality in mind, making them highly attractive to prospective renters. With its blend of essential amenities and potential for rental income, this property presents an exceptional opportunity for investors or property managers looking to expand their portfolio. The strategic location in Cherry Valley ensures consistent demand and offers a promising return on investment. Don’t miss out on the chance to own this versatile and income-generating asset! Currently generates $17, 750 in rental income, rent increase potential. Seller financing available.
- Property TypeMulti-Family
- NeighborhoodSolera (Slra)
- CountyRiverside
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site57 Days
- MLS StatusActive
- MLS ID NumberEV24159859
- Home Size Source N/A
- Year Built1961
- Lot Size1.86 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking DrivewayGarage
- Parking Spaces 6
- Sewer Public Sewer
- Number of Stories 11
- Acreage 1.86
- Water Public
- Garage Spaces 6
- Zoning R-2
- Listing Conditions Standard
Interior Features
- Cooling Central Air
- Heating Central
- Fireplace Features None
- Laundry Features In GarageOutsideSee Remarks
- Fireplace No
Exterior Features
- Pool Features None
- Lot 2-5 Units/ Acre
Community Features
- Community Features CurbsSidewalks
- Senior Community No
- MLS Area 263 - Banning/Beaumont/Cherry Valley