21840 Cottonwood Ave - Multi-Family FOR SALE


Moreno Valley, CA 92553- Edgemont
$2,400,000 USD
714-267-2552
21840 Cottonwood Ave, Moreno Valley, CA for Sale
$2,400,000 USD
Multi-Family - FOR SALE
1/1
null | 3% Cap Rate

21840 Cottonwood Ave
Moreno Valley, CA 92553
Edgemont


HIGHLIGHTS

  • GREAT DEVELOPMENT PROPERTY
  • EXCELLENT LOCATION WALKING DISTANCE TO BOTH MALLS
  • REMODEL EXISTING +ADD NEW UNITS

OVERVIEW

There are total 6 units on 6 acres of land in the heart of Moreno Valley walking distance to both Malls ,school,church.ONE SINGLE FAMILY HOME ADDRESS 21840 COTTONWOOD,ONE DUPLES 21820,21826 COTTONWOOD ,ONE TRIPLEX ADDRESS 21800 g ,h,i COTTONWOOD. 4 ARE 2BD 1 BA AND 2 UNITS 3 BD 1 BA. RENTS ARE WAY BELOW MARKET ,NEEDS REMODELING.ONCE FIXED UP RENT WILL BE OVER $13000 PER MONTH AND +YOU HAVE LAND TO DEVELOP ,AS PER CITY ONE PARCEL CAN HAVE 15-16 APARTMENT UNITS AND REST R-3 , 3 HOUSES +3 ADU PER ACRES .SO TOTAL CAN BE 15 HOUSES +15 ADU AND 16 APARTMENTS.PLEASE CHECK WITH CITY FOR DETAILS. PARCEL #263-170-003,263-170-004,263-170-006,263-170-007. MAKE OFFERS SELLER MOTIVATED TO SELL

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

6

PRICE/UNIT

$400,000

CAP RATE

3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 units on 6 acres on Cottonwood ave.

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

R-15

APN/PARCEL ID

263-170-003,263-170-004,263-170-006,263-170-007

ASK ABOUT THIS PROPERTY

Tilak ChopraCal-Top Realty & InvestmentsMore Info
714-267-2552

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Tilak ChopraCal-Top Realty & InvestmentsMore Info
714-267-2552

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