1100 N Orange St - Apartments FOR SALE
Riverside, CA 92501 |
1100 N Orange St
Riverside, CA 92501
HIGHLIGHTS
- Well-Located Asset in High-Demand Market: Acquire a 120-unit multifamily property exceptionally well-positioned within the thriving Inland Empire
- Desirable Unit Mix & Amenities: The property offers a desirable mix of one, two, and three-bedroom units with upgraded interior amenities
- Value-Add Opportunity with Continued Renovations: This well-maintained, two-story property on 6.79 acres offers significant value-add potential
- Immediate Income Stream: The property currently generates $184,854 in monthly income, offering investors in-place cash flow
- Significant Rental Upside Potential: Benefit from a projected 41% upside in rental income, promising an attractive future return on investment
- Proximity to Major Employment & Education: Located in Riverside, a city with a dynamic economy supported by key sectors like healthcare & retail
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Springbrook Park Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
117840
STORIES
2
YEAR BUILT
1971
PARKING SPACES
200
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
206-080-014
