Keegan Cin | Realtor® | License # DRE 01971604

Property

Banning, CA 92220 1279 W Williams Street

Presented By: ROBERT WATKINS with RE/MAX TIME REALTY; 909-205-5848
  • MLS# IV24249911
  • 12/17/2024
  • Request Tour
  • Request Info
  • Beds • 1
  • Baths • 1
  • SQFT • 4,580
  • Year Built • 1947

Home Details

Incredible Investment Opportunity – 1279 Williams St., Banning, CA Attention seasoned investors! 1279 Williams St. presents a rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Banning, CA. This recently remodeled 5-unit property offers a diverse unit mix to attract a range of tenants, ensuring steady occupancy and strong rental income. The units range in size from a spacious 4-bedroom, 2-bathroom layout to a cozy 1-bedroom, 1-bathroom setup, appealing to families and individuals alike. The property generates an impressive gross rent of $11,700 per month, making it a turnkey investment with significant upside potential. With all major renovations completed, there’s no need for additional upfront expenses—simply step in and start collecting rent immediately. Each unit has been modernized, reducing maintenance costs and ensuring tenant satisfaction. To make this deal even more enticing, the seller is open to carrying a note at a competitive interest rate or exploring creative financing solutions tailored to your needs. These options make it easier than ever to maximize your ROI and secure this incredible property. Strategically located in Riverside County, a region known for its growing demand for rental housing, 1279 Williams St. offers investors the ideal combination of low vacancy rates and high cash flow potential. Whether you’re looking to expand your portfolio or secure a stable income-generating asset, this property is truly a no-brainer. Seize this opportunity to own a fully remodeled, cash-flowing gem that pencils out from day one. Contact us today for more details or to schedule a private tour!
Presented By: ROBERT WATKINS with RE/MAX TIME REALTY; 909-205-5848

Interior Features for 1279 W Williams Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories1

Other Rooms

Entry Level1

General for 1279 W Williams Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.0
Carport Y/NNo
CityBanning
Community FeaturesMountainous
CoolingCentralAir
CountyRiverside
DirectionsWilliams
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1st floor
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HeatingNone
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsOwnerWillCarry, Submit
Lot Size Square Feet33541.0
Lot Size UnitsSquareFeet
MLS Area263 - Banning/Beaumont/Cherry Valley
MobileHomeRemainsYNNo
Net Operating Income139800.0
New ConstructionNo
Number Of Units Total5
Operating Expense600.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameSolera (SLRA)
Tax Lot277
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1947
Year Built SourceAssessor
ZoningR3

Exterior for 1279 W Williams Street

Building Area Total4580.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.77
Lot Size Area33541.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $1,999,900
MLS#IV24249911
List Date 12/17/2024
Property Type Multi-Family
Request Tour
Request Info

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