Property Details
About this Property
Incredible Investment Opportunity in Banning, CA Attention seasoned investors! Discover an exceptional income-generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one. The first home is a spacious 3-bedroom, 2-bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2-bedroom, 2-bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in California’s competitive real estate market. What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you won’t need to spend any initial cash on upgrades or repairs—it's turnkey and ready to start earning from the moment you take ownership. Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether you’re seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your fin
MLS Listing Information
MLS #
CRIV24249829
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Bedrooms
Ground Floor Bedroom
Fireplace
Living Room
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Elementary District
Banning Unified
High School District
Banning Unified
Water
Other
HOA Fee
$0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
119 N 8th St is a Single Family Residence in Banning, CA 92220. This 1,530 square foot property sits on a 9,148 Sq Ft Lot and features 3 bedrooms & 2 full bathrooms. It is currently priced at $899,000 and was built in 1932. This address can also be written as 119 N 8th St, Banning, CA 92220.
©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of December 17, 2024. For the most current information, please contact ROBERT WATKINS
