$689,000
Off Market

609 Los Tilos Road

Hemet, CA 92543
0.15 acres | #IV23155627
Listing OfficeAccess Homes
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

TRI-PLEX ON A QUIET CUL-DE-SAC IN HEMET. THREE SPACIOUS APARTMENTS THAT FEATURES 2 BEDROOMS AND 2 BATHS EACH. UPPER UNIT C HAS STAIRS AND A BALCONY. GREAT INVESTMENT FOR AN OWNER OCCUPANT, WITH TWO INCOME PRODUCING UNITS OR A BUY AND KEEP INVESTMENT.. THIS IS NOT A FLIPPER PROPERTY. lOCATED ON A CORNER LOT. WELL MAINTAINED , NEEDS TLC . THREE 2 BEDROOM, TWO BATH UNITS LONG TERM RENTERS. ONE SECTION 8 TENANT. ONE NEWER A/c UNIT, INDOOR LAUNDRY, CUL-DE-SAC. Unit C on top has laminated wood flooring, UNITS A and B and have a combo of Carpet and tile flooring. ALL UNITS ARE ON MONTH TO MONTH RENT AGREEMENTS. UNIT A TENANTS HAVE BEEN SERVED AN EVICTION NOTICE RECENTLY STARTING THAT PROCESS. B & C have recently BEEN GIVEN A $100 RENT INCREASES TO BEGIN NOVEMBER 1,2023,SEE UNIT INFO FOR INCOME INFORMATION.
PRO FORMA SHOW THAT RENTS ARE STILL LOW. MARKET VALUATION RENTS COULD BE $1,350-$1,400.

Location

Rami ElminoufiReal Estate Group
OR