1220 E Campus Way - Apartments FOR SALE


Hemet, CA 92543- Outer San Jacinto
$595,000 USD
626-427-0786
1220 E Campus Way, Hemet, CA for Sale
$595,000 USD
Apartments - FOR SALE
1/6
null | 7.92% Cap Rate

1220 E Campus Way
Hemet, CA 92543
Outer San Jacinto


HIGHLIGHTS

  • CAP Rate 7.92% & GRM 8.93
  • Comprised of (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath & (1) Studio Unit
  • Onsite Parking Available for Tenants
  • Separately Metered for Gas & Electricity
  • Tenants Enjoy Private Backyards

OVERVIEW

Deepen Shah and Kristopher German are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated, recent capital improvements include updated electrical systems and newly installed private fencing for all units. (2) of the units have new copper plumbing, new split A/C units, new dual-pane windows, new kitchens, modern flooring—resulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don’t miss this rare chance to own a great triplex in a high-demand rental corridor This property is part of a 13 unit portfolio for sale in Hemet (additional Duplex see 862 Oleander Street, Hemet and 8 unit property see 509 E. Central, Hemet)

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

3

PRICE/UNIT

$198,333

CAP RATE

7.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Current Cap Rate of 7.92 | 8.93 GRM...Really!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,538 SF

ZONING

CI

APN/PARCEL ID

445-102-016

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.