Listing provided courtesy of Bryant Brislin of The Hoffman Company. Last updated 2024-11-26 09:21:24.000000. Listing information © 2024 Sandicor.
Asking Price: $695,000
Fir, Moreno Valley CA 92553
Community: 259 - Moreno Valley
This property was built in 0 and is priced at $695,000. Please see the additional details below.
Full Marketing Package Available. This site has an approved project for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an
exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more.