43763-43789 State Highway 74 - Apartments FOR SALE


Hemet, CA 92544- Town Of Florida
$1,600,000 USD
760-575-4778
43763-43789 State Highway 74, Hemet, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/22
null | 6.3% Cap Rate

43763-43789 State Highway 74
Hemet, CA 92544
Town Of Florida


OVERVIEW

Exceptional Income-Producing Investment Opportunity! Rare chance to acquire a diversified investment property consisting of five separate APNs offering immediate cash flow and future development potential. The property currently features one established commercial business with one apartment and four more residential homes, 2 container rentals, creating multiple income streams from a single acquisition. Three of the APNs are improved with income-producing structures, while two additional vacant lots provide valuable upside potential for future development, expansion, or additional rental units (subject to buyer verification and local approvals). This unique portfolio offers strong rental income, tenant diversity, and long-term appreciation potential. Whether you’re looking to expand your investment portfolio, generate consistent cash flow, or capitalize on future development opportunities, this property delivers flexibility and value. Highlights:?• 5 Separate APNs Included?• 1 Commercial Business?• 4 Residential Homes?• 1 Apartment Unit?• Multiple Income Streams?• 2 Vacant Lots with Development Potential?• Strong Cash Flow Opportunity?• Excellent Long-Term Investment Potential Properties with this combination of current income and future growth opportunities are rarely available. Don’t miss this exceptional investment offering.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

5

PRICE/UNIT

$320,000

CAP RATE

6.3%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,146 SF

ZONING

CP, Hemet

APN/PARCEL ID

549-110-011,549-161-002,549-161-003,549-161-005,549-161-038

ASK ABOUT THIS PROPERTY

Morgan MennellAllison James Estates & HomesMore Info
760-575-4778

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Morgan MennellAllison James Estates & HomesMore Info
760-575-4778

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