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130 N Sheriff AVE San Jacinto, CA 92583
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Key Details
Sold Price $200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $66
MLS Listing ID SW14178217
Sold Date 09/30/14
HOA Y/N No
Year Built 1965
Tax Year 2013
Lot Size 0.330 Acres
Property Description
This is a nice roomy triplex inside and out. On the inside, large rooms as well as plenty of square footage will keep tenant demand high and always rented. Further, lots of room on the outside with each of the three units having large private back yards. What makes this investment really stand out are the returns. Tenants are currently paying well below market rents but on a month to month bases. On actual income, this investment boasts an 8.29 Gross Rent Multiplier, a 7.69% cap rate, and a 13.32% cash on cash return. And on market rents, this investment boasts a stunning 7.06 Gross Rent Multiplier, a 9.69% cap rate, and a 21.34 Cash on Cash Return!!! Please see attachments for great details.
Conveniently located next to shopping and schools. The neighborhood and block consist mainly of single family residences that have been bought and fixed up very nicely in the last few years. Also, this property has a huge double size lot.
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Rooms
Ensuite Laundry Outside
Interior
Laundry Location Outside
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Outside
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 20
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story One
Entry Level One
Water Public
Level or Stories One
Others
Tax ID 434281013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Alexander Mercado • Dream House Real Estate
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