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    3346 Kansas Avenue

    Riverside, CA 92507
    • $499,900
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: CV20197466
    UPDATED: 43 min ago
    $499,900
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,600
      SQFT
    • $312
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    If you+GGre 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 you+GGre 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 don+GGt want to miss.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T12:28:42.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110267202
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    3346 Kansas Avenue Riverside, CA 92507

    • Price: $499,900
    • Status: Active
    • Updated: 43 min ago
    • ID#: CV20197466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    1,600
    SQFT
    $312
    $/SQFT
    1955
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    If you+GGre 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 you+GGre 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 don+GGt want to miss.
    Exterior Features

    Carport Spaces 1.00 Construction Materials Stucco Direction Faces West Fence YN Yes Fencing Chain Link Foundation Details Slab Garage Spaces 1.00 Lot Features 2-5 Units/AcreLot 10000-19999 SqftRectangular LotLevel Lot Size Units Square Feet Other Structures Shed(S)StorageTwo On A Lot Parking Features Private Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof MetalShingle Spa Features None Spa YN No Uncovered Spaces 8.00 View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 800 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Heating None Heating YN No Laundry Features Inside Levels One Room Type KitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Current Financing None Electric Standard Elevation Units Feet Gross Income 31200.00 Gross Scheduled Income 31200.00 Insurance Expense 1000.00 Land Lease YN No Laundry YN Yes Net Operating Income 28900.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 2300.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 2600.00 Total Expenses 2550.00 Trash Expense 600.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 950.00 Water Source Public Year Built Source Public Records Zoning R3

    Listing provided courtesy of Anthony Tafesh of Keller Williams Signature Rlty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-24T12:28:42.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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