3159 1st St - Apartments FOR SALE


Riverside, CA 92507- Eastside
$1,495,000 USD
951-288-1762
3159 1st St, Riverside, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/7
null | 6.79% Cap Rate

3159 1st St
Riverside, CA 92507
Eastside


OVERVIEW

Prime 6-Unit Apartment Complex Near Downtown Riverside Don’t miss this excellent investment opportunity! This well-maintained 6-unit apartment complex is ideally located just minutes from the heart of Downtown Riverside, offering a strong and stable rental income month after month. The property features a diverse mix of unit types to attract a wide range of tenants: 1 Studio 1 One-Bedroom Unit 2 Two-Bedroom Units 2 Three-Bedroom Units Some units are equipped with washer and dryer hookups, adding convenience and value for tenants. The property offers a combination of onsite parking and ample street parking, making it easily accessible for all residents. The roof is in solid condition, and the building has been consistently producing reliable rental income with minimal vacancies. Located near shops, restaurants, and public transportation, this property is a great opportunity for investors looking to own in a high-demand rental market.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,167

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R2, Riverside

APN/PARCEL ID

209-241-016

ASK ABOUT THIS PROPERTY

Sean BrunskeRE/MAX ChampionsMore Info
951-288-1762

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Sean BrunskeRE/MAX ChampionsMore Info
951-288-1762

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