Property Details
About this Property
Incredible 7-Unit Investment Opportunity – 11411 Cherry Ave., Banning, CA Attention seasoned investors! Don’t miss this rare chance to acquire a cash-flowing, turn-key 7-unit property in the growing city of Banning. Located in the heart of Riverside County, this property offers a mix of spacious units catering to a diverse tenant base: 1 unit with 4 bedrooms and 2 bathrooms 6 units ranging from 3 bedrooms and 1 bathroom to 2 bedrooms and 1 bathroom With a monthly gross rent of $18,700, this property is a high-yield investment designed for immediate returns. The units have been recently remodeled, eliminating the need for any upfront renovation expenses. This ensures a smooth transition for the new owner with minimal effort required to maintain its current profitability. For investors looking to structure a competitive deal, the seller is offering flexible financing options, including carrying a note at a competitive rate. These terms provide ample opportunities to make the numbers work and maximize returns on investment. Banning’s growing economy and proximity to major highways, retail, and amenities make this property highly attractive to tenants. With Riverside County’s strong rental demand, this property is poised to remain a steady income-generator for years to
MLS Listing Information
MLS #
CRIV24249923
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Appliances
Other
Cooling
Central Forced Air
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
11411 Cherry Ave is a Residential Income in Cherry Valley, CA 92223. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,888,888 and was built in 1961. This address can also be written as 11411 Cherry Ave, Cherry Valley, CA 92223.
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This listing information is up-to-date as of December 17, 2024. For the most current information, please contact ROBERT WATKINS
