6
See all 6 photos
$595,000
Est. payment /mo
4 Beds
4 Baths
New
1220 E Campus Way Hemet, CA 92543
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25148426
Bedrooms 4
Lot Dimensions 016
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present this well-positioned triplex that features (1) 3-Bed/2-Bath, (1) 1-Bed/1-Bath, and (1) Studio unit, offering a flexible and diverse unit mix ideal for strong cash flow and tenant demand. Situated on an expansive 9,500+ sq. ft. lot, this single-story triplex provides tenants with private backyards and ample on-site parking, elevating the overall rentability of the property. Extensively renovated and meticulously maintained, recent capital improvements include new copper plumbing, updated electrical systems, split A/C units, new dual-pane windows, new kitchens, modern flooring, and new privacy fencingresulting in low operating costs and minimal deferred maintenance. Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents. Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Dont miss this rare chance to own a turn-key triplex in a high-demand rental corridor
Location
State CA
County Riverside
Community Horse Trails
Zoning Assessor
Direction Just south of Menlo Ave and west of San Jacinto St
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 445102016
Listed by Kristopher German RE/MAX 2000 REALTY