Investors: 5.21 cap rate! ***Outstanding investment opportunity*** Three recently professionally upgraded single family homes on two large lots–over 3/4 of an acre in all. Houses at 44083 and 44085 Palm Avenue are on a lot with 23,522 square feet (.54 acre). 44087 is on a lot with 11,761 square feet. All three currently occupied at below market rates, month-to-month leases. Long-term tenants. Quiet residential neighborhood, close to schools and shopping. All three stand alone houses have new flooring and paint throughout, upgraded kitchens and bathrooms, fenced back yards, inside laundry hookups, AC and fireplace. Three separate gas, electricity and water meters. ***Excellent cash flow***. Seller financing possible.
Property Details
Price:
$899,000
MLS #:
OC25102486
Status:
Active
Baths:
0
Address:
44083 Palm Avenue
Type:
Residential Income
Subtype:
Single Family Residence
Neighborhood:
srcarsouthwestriversidecounty
City:
Hemet
Listed Date:
May 8, 2025
State:
CA
ZIP:
92544
Lot Size:
23,522 sqft / 0.54 acres (approx)
Year Built:
1955
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Oven, Gas Range
Cooling
Central Air
Fireplace Features
Living Room
Flooring
Laminate
Heating
Forced Air, Natural Gas
Exterior
Community Features
Rural
Electric
220 Volts
Garage Spaces
0.00
Lot Features
Back Yard, Rectangular Lot, Level
Parking Features
Driveway – Combination, Paved
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer, Sewer Paid
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities, Cable T V, Electricity, Gas, Sewer, Water
Map
Community
- Address44083 Palm Avenue Hemet CA
- AreaSRCAR – Southwest Riverside County
- CityHemet
- CountyRiverside
- Zip Code92544
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44083 Palm Avenue
Hemet, CA
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