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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 595,000
Est. payment | /mo
9,538 Sqft Lot
$ 595,000
Est. payment | /mo
9,538 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRCV25148426
Year Built 1956
Lot Size 9,538 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooring-resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don't miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see MLS#CV25148384 and
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Interior
Heating No Heating
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Other
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 445102016
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884