This is a rare opportunity to purchase 16 high quality condominiums currently utilized as an apartment complex. All 16 units have their own Assessor Parcel Numbers. The property is located between Kaiser Hospital in Riverside and the Tyler Mall. Each unit is 2 Bedrooms with 2 Full Bathrooms and each unit has an attached 2 car garage with washer and dryer hookups and electric garage door openers. All units have central air, granite counter tops, and small front patio yards. The complex is gated and each unit has remote controls for the two gated entries. It is rare to find a newer construction of this quality in a highly desirable location near the Tyler Mall. Since each unit has its own APN, the tenants actually pay their own trash and utility bills. The HOA is not in effect since the building is not operating as condominiums at this time. Their is also potential future upside to eventually sell the units as condominiums.

  • MLS# IG19074346
  • Sub-Type Resale
  • Status Active
  • Year 2007
  • Days On Site 18
SQ Feet 14,240
Units 16
Building(s) 1
Listing Provided By:
Kurt Tiedt  of  Titan Real Est. Investments
 
 
 
 
 
this listing $4,850,000
1,076.04%
$412,400 in 92505
this listing 14,240 SqFt
733.24%
1,709 SqFt in 92505
this listing $341 $/SqFt
39.76%
$244 $/SqFt in 92505
this listing 18 on site
45.45%
33 on site in 92505

Location

State CA
County Riverside
City Riverside
Zip Code 92505
Area 252 - Riverside

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