24281 Atwood Avenue Pending

Moreno Valley,CA 92553

$ 3500000

- Bed

0 Bath

11242 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 11,242 sqft

Price per Sqft $311

MLS Listing ID CRIV25242193

Year Built 1953

Lot Size 1.820 Acres

Property Sub-Type Other

Property Description

This is 16 residential income units, built on two lots with six APN's (482-080-002; 482-080-003; 482-080-004; 482-080-005; 482-080-006; 482-080-007) being sold together as a package. There are 5 one-bedroom units, 10 two-bedroom units, and 1 three-bedroom detached single family house. All units are occupied and rent producing. Also included is an on-site laundry room with income generating coin operated machines, and a large fenced maintenance area which includes a storage room and stand alone sheds. There is room on the lot to add additional units and lots of parking space. There are 7 Section 8 tenants and 9 market tenants, with many being long-term providing very stable income. Owner pays water, common area electricity, trash, and grounds maintenance. Here are the property street addresses: 24281-24297 Atwood Ave. & 13130-13160 Scotty Lane. Lots of potential for growth or new development! Copies of 2023 appraisals can be provided upon request.

Location

State CA

County Riverside

Interior

Heating Wall Furnace

Cooling Central Air,Wall/Window Unit(s)

Laundry Other

Building

New Construction No

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