Hemet, CA 92543,509 E Central Avenue
Hemet, CA 92543,509 E Central Avenue
Hemet, CA 92543,509 E Central Avenue
6
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$1,725,000
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8,643 SqFt
Pending

509 E Central Avenue Hemet, CA 92543

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 8,643 sqft

Price per Sqft $199

MLS Listing ID CRCV25151759

HOA Y/N No

Year Built 1991

Lot Size 0.370 Acres

Acres 0.37

Property Sub-Type Other

Property Description

1990's construction priced at a Current 8.29 GRM and 8% CAP Rate!!! We are pleased to exclusively present this well-maintained 8-unit multifamily asset, perfectly positioned to generate immediate cash-flow and long-term value. Built in the 1990s and offered well below replacement cost at just $199 per square foot, this property presents a rare blend of newer construction, strong tenant appeal, and robust financial performance. Boasting an excellent unit mix of (4) spacious 3-Bed/2-Bath units and (4) well-designed 2-Bed/2-Bath units, this building attracts a stable tenant base seeking comfort and convenience. Each residence comes with private balconies or patios, central A/C and heat, and its own private 2-car garage—a luxury not often found in multi-family assets. Investors will appreciate the recent capital improvements: 7 of the 8 units have been tastefully remodeled, featuring new dual-pane windows, fresh paint, modern flooring, and updated kitchens. The property offers private gated entry, ample onsite parking, and is set up to minimize deferred maintenance concerns. Financial highlights include a Current GRM of 8.29 and a Cap Rate of 8.05%, making this a compelling addition to any portfolio. With solid in-place income and continued rental upside, this asset offers both imm

Location

State CA

County Riverside

Zoning R3

Interior

Heating None

Cooling Central Air

Fireplace No

Laundry No Hookups

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 446091031


Bridge MLS
Listed by Kristopher German • RE/MAX 2000 REALTY

A FEW WORDS FROM PAST CLIENTS

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Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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509 E Central Avenue