5
See all 5 photos
$525,000
Est. payment /mo
4 Beds
4 Baths
New
862 Oleander Street 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 CV25148384
Bedrooms 4
Lot Dimensions 011
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-Bed/2-Bath single-story unitsideal for both seasoned investors and first time buyers. Built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out. Each unit is equipped with its own private 2-car garage, plus ample on-site parkinga rare find that enhances tenant satisfaction and retention. Interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance. The property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. Strong financials with a GRM of 10.17 and a current Cap Rate of 6.69% make this a compelling investment from day one. One of, if not the only, duplex on the market with positive cash-flow. Dont miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market.
Location
State CA
County Riverside
Zoning Assessor
Direction Just South of Mayberry Ave and East of Palm Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 446104011
Listed by Kristopher German RE/MAX 2000 REALTY