Welcome to your new investment property in the heart of Banning, generating great rental income. This newly renovated property offers a 4 bed 2 bath front house, a 3 bedroom 2 bath detached home, Two - 2 bed 1 bath units + additional managers single unit with 1 bathroom. Waterproof laminate flooring, recess lighting throughout, Central air and heat + new paint, and laundry unit in each of the units. Front house and detached home have a tankless water heater. Bonus: Use the extra space to add additional units and increase the properties income potential. Currently generates $11,700 in rental income, potential for rent increase. Seller financing available!!!
MLS | EV24155928 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1961 |
Days On Site | 44 |
Listing Provided By | PONCE & PONCE REALTY, INC 909-266-0934 | MINERVA RODAS |
SQ Feet | 4,580 |
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Story(s) | 1 |
Units | 4 |
Building(s) | 2 |
Zoning | R3 |
Acreage | 0.77 |
State | CA |
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County | Riverside |
City | Banning |
Zip Code | 92220 |
Area | 263 Banning | Beaumont | Cherry Valley |
Listing VS Median (in 92220) | |
Price: $1,888,000 low | high Med: $419,500 SqFt: 4,580 low | high Med: 1,460 $ / SqFt: $412 low | high Med: $309 On Site: 44 low | high Med: 148.000000 |