Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.
Property Details
Price:
$1,350,000
MLS #:
AR25048685
Status:
Pending
Baths:
0
Address:
9059 Colony Place
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
252riverside
City:
Riverside
Listed Date:
Mar 25, 2025
State:
CA
ZIP:
92503
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
1978
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Schools
Interior
Appliances
Gas Oven, Refrigerator
Cooling
Central Air
Flooring
See Remarks
Heating
None
Laundry Features
Community, See Remarks
Exterior
Architectural Style
See Remarks
Community Features
Sidewalks, Suburban
Construction Materials
Stucco
Parking Features
Paved, On Site, Parking Space, Private, Uncovered
Parking Spots
8.00
Roof
Composition
Financial
Map
Community
- Address9059 Colony Place Riverside CA
- Area252 – Riverside
- CityRiverside
- CountyRiverside
- Zip Code92503
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9059 Colony Place
Riverside, CA
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