$499,900

3346 Kansas Avenue

Riverside CA, 92507

Description

If youre looking for the perfect investment opportunity near the heart of Riverside, look no further. Located just down the street from the bustling downtown area, this is a spectacular addition to any investment portfolio. The sprawling lot houses two separate detached homes that are already tenant-occupied for an easy transition and an automatic return on your investment. If youre looking to really maximize your investment, the neighboring lot is a very similar size as this lot and houses a 14+ unit apartment building. With permits and a plan, the same could be done for this lot to really capitalize on your purchase. This large property has fruit trees throughout and plenty of room for parking. The front home has received plenty of upgrades including a new roof, new stucco exterior and updated plumbing throughout. The back lot has been occupied by long term tenants, so less updates have been made but there is plenty of potential. A spectacular investment as is, or even more potential with a rebuild, this is an opportunity you dont want to miss.

Details

MLS#CV20197466
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site70

Features

SQ Feet1,600
Units2
Building(s)1

Market Activity 92507

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Area Information
StateCA
CountyRiverside
CityRiverside
Zip Code92507
Area252 - Riverside
Listing VS Median (in 92507)
Price:
$499,900
low | high
Med:
$427,500
64.482896579316% of Average
SqFt:
1,600
low | high
Med:
660
100% of Average
$ / SqFt:
$312
low | high
Med:
$163
97.868361551098% of Average
On Site:
70
low | high
Med:
154
45.454545454545% of Average
Listing Updated: November 30, 2020 10:49:35 PM PST
ANTHONY TAFESH LogoMLS Number: CV20197466
Listing Provided By:
ANTHONY TAFESH  of  KELLER WILLIAMS SIGNATURE RLTY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.