491 S Simpson Ave - Multi-Family FOR SALE


Hemet, CA 92543- Outer San Jacinto
$750,000 USD
951-375-7433
491 S Simpson Ave, Hemet, CA for Sale
$750,000 USD
Multi-Family - FOR SALE
1/19
null | 9% Cap Rate

491 S Simpson Ave
Hemet, CA 92543
Outer San Jacinto


HIGHLIGHTS

  • NEW ROOF. NEW HVAC'S. UPGRADED NEWER CABINETRY AND APPLIANCES
  • NICE LIKE NEW UNITS!
  • SIX GARAGES!! ONE 2 CAR AND FIVE 1 CAR!!!
  • LOCATED IN THE NICEST LOCATION IN HEMET, ADJACENT TO SIERRA DAWN!! NO CRIME!! NO GHETTO!! BEAUTIFUL NEIGHBORHOOD!!!

OVERVIEW

THESE UNITS ARE BREATHTAKENLY FINE!!! This Hemet 4Plex is located in the nicest section of Hemet, adjacent to the Sierra Dawn community of Hemet. This community is the best location in Hemet, known for it's very high pride of ownership, and no crime or ghetto!!! Also, these units have been kept up like they are new! NEW ROOF! NEW HVAC'S! Upgraded cabinetry and appliances! Newer tile flooring. Granite counter tops! Check out the pictures. This place is REALLY, REALLY NICE!!! This complex consists of: One: 2 bedroom, 2 bath unit. Three: 1 bedroom, 1 bath units. One: 2 CAR GARAGE FOR THE 2 BEDROOM UNIT!! A nice roomy laundry room! THREE: 1 CAR GARAGES FOR THE 1 BEDROOM UNITS!!! All units are separately metered, with tenants signing up and paying their electric and gas. Landlord pays water and trash. While actual rents are below market, the rents are month to month and can be brought up to market. Please see rent roll, and rent comps attached in MARKETING PACKAGE. At actual rents, we're putting out a positive cash flow. And if you bring up the month to month rents to market, were putting out the following: $81,000 Annual Gross Income! A 9.26 Gross Rent Multiplier! A 9.11% Cap Rate! And a robust, double digit 17.52% Cash on Cash Return!!! With this location, you can't go wrong. You're virtually guaranteed, top of the market rents, low vacancy, and HUGE rent and price appreciation!!!

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

4

PRICE/UNIT

$187,500

CAP RATE

9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRISTINE 4 UNITS IN HEMET

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

446-031-018

ASK ABOUT THIS PROPERTY

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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