24380 Ironwood Ave - Multi-Family FOR SALE


Moreno Valley, CA 92557- Moreno Acres
$739,000 USD
909-810-2108
24380 Ironwood Ave, Moreno Valley, CA for Sale
$739,000 USD
Multi-Family - FOR SALE
1/21
null | Request Cap Rate

24380 Ironwood Ave
Moreno Valley, CA 92557
Moreno Acres


OVERVIEW

Pride of ownership triplex on a large lot in growing area of Moreno Valley. New Sprouts, Starbucks and more just opened a block away. Triplex consists of a 2 bed, 1 bath front house, and two 1 bed, 1 bath units in the back. All units have their own garage. New roof installed in 2023. Property has long-term, reliable tenants that are all month to month. One unit could be available for owner-user to move in. Rents are below market and provide an opportunity for an investor to increase rents or for someone to move into one of the units and make rental income off of the others to offset the mortgage. Plenty of space for parking or even adding an additional unit. Property has been well maintained by property owner. Great location north of the 60 freeway. Short distance to Riverside, Ontario, Palm Springs, etc. Other recent upgrades include: Mini splits for back units in 2022, exterior of the house was painted back in 2020, interiors were painted within the last 5 years, new roof in 2023, new front house water heater in 2021, new wood fence along back of property, separating backyards in 2023. Revenue and operating expenses provided by owner as accurately as possible. Buyer to complete due diligence.

FOR SALE DETAILS

PRICE

$739,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

3

PRICE/UNIT

$246,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Well-Maintained Triplex in Moreno Valley

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

475-280-017

ASK ABOUT THIS PROPERTY

David FriedmanRealicoreMore Info
909-810-2108

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David FriedmanRealicoreMore Info
909-810-2108

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