171 N Hemet St - Apartments FOR SALE


Hemet, CA 92544- Outer San Jacinto
$1,790,000 USD
323-549-0503
171 N Hemet St, Hemet, CA for Sale
$1,790,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

171 N Hemet St
Hemet, CA 92544
Outer San Jacinto


OVERVIEW

This property has been in escrow for a several months but hasn't closed yet because there is a title issue that has recently been fixed and we should be closing soon. We have a new newer lower price. The seller says submit all reasonable offers. These TEN individual homes are a California Landlords dream possession with no common walls between residents. Seven of the units are rented and three are vacant. The three vacant units are very recently renovated. Five of the units are rented at or near market value, two need raising and three are vacant. The property is part of a Trust and the seller says submit all reasonable offers on CAR Forms, Only. The size of the property is unknown and 8000 feet is an estimate. The buyer needs to verify. The gross income is $173,724 and it includes renting the three vacant units for $1,600 each.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

10

PRICE/UNIT

$179,000

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

171-189 N. Hemet St Hemet, CA 92544

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

11

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R3

APN/PARCEL ID

551-180-011

ASK ABOUT THIS PROPERTY

Dave SilversteinNew Frontier RealtyMore Info
323-549-0503

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Dave SilversteinNew Frontier RealtyMore Info
323-549-0503

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