22869 Adrienne Avenue
Moreno Valley, CA 92553
0.32 acres | #PW24239554
Description
22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.
Property Details
- Lot DescriptionElevenToFifteenUnitsAcre
- ViewNeighborhood
- Property TypeMulti-Family
- Sewer InformationSewerTapPaid
- Original List Price$2,100,000
- MLS #PW24239554
- MLS #PW24239554
- CountyRiverside
- Property SubtypeApartment
- Cost2100000
- Utility SourcePublic
- Acres0.32
- Year Built1971
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Lembeck (#PWLEMMIC)
Listing Office: Citivest Realty Services, Inc (#PB16907)
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