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Moreno Valley,CA 92553
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24121263
HOA Y/N No
Lot Size 0.780 Acres
Property Description
*PERMIT READY*FULL MARKETING PACKAGE AVAILABLE UPON REQUEST*. This site has an approved site plan for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning R15
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N No
View None
Building
Lot Description 11-15 Units/Acre,Flag Lot
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 481171039
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard