Hemet, CA 92544 44083 Palm Avenue
$899,000
16 more
Presented By: Lawrence Erickson with Casa Blanca Realty; 949-929-7370
Beds • 7
Baths • 6
SQFT • 3,018
Year Built • 1955
Home Details
Investors: 5.21 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots--over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cash flow***. Seller financing possible.
Presented By: Lawrence Erickson with Casa Blanca Realty; 949-929-7370
Interior Features for 44083 Palm Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesAllBedroomsDown
Laundry FeaturesWasherHookup, GasDryerHookup, Inside, LaundryRoom
Total Stories1
Other Rooms
Entry Level1
General for 44083 Palm Avenue
Additional Parcels Description549130021
Additional Parcels Y/NYes
AppliancesGasOven, GasRange
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.21
Carport Y/NNo
CityHemet
Community FeaturesRural
CoolingCentralAir
CountyRiverside
DirectionsFairview Ave to Palm Ave
ElectricVolts220
Electric Expense0.0
Electric On Property Y/NNo
Entry Locationground
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income54624.0
HOANo
HOA Fee$0.0
HeatingForcedAir, NaturalGas
Home Warranty Y/NNo
Insurance Expense2880.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Conventional, OwnerWillCarry, PrivateFinancingAvailable
Lot Size Square Feet23522.0
Lot Size UnitsSquareFeet
MLS AreaSRCAR - Southwest Riverside County
MobileHomeRemainsYNNo
Net Operating Income46824.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense7800.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer, SewerTapPaid
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot13
Taxes$3,000
Tenant PaysAllUtilities, CableTv, Electricity, Gas, Sewer, Water
Total Actual Rent4552.0
Trash Expense1920.0
ViewNone
Water Sewer Expense0.0
Year Built1955
Year Built SourceAssessor
ZoningR-R
Exterior for 44083 Palm Avenue
Building Area Total3018.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, Level, RectangularLot
Lot Size Acres0.54
Lot Size Area23522.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesDriveway, Paved
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
