3761 Harvill Lane, Riverside, CA 92503

$1,630,000
List Price
$1,630,000
Status
ACTIVE
MLS#
820001596
Year Built
1975
Lot Size
10,176
Acres
0.2336
Days on Market
21
Property Type
Multifamily
Stories
Two Level
Builders Tract Code
Not Applicable - 1007242
Neighborhood
Not Applicable - 1007242

Property Description

JUST REDUCED $50K! 8 units townhouse-style apartment, great location in Corona submarket! Located in a quiet residential area by the intersection of Mckinley Street and Magnolia Avenue, minutes walk to Villegas Middle School, University of Riverside, La Sierra University, Walmart Supercenter, Costco Wholesale, and 99 Rancho Market. This investment offers an impressive cap rate of +/-4.49% current / +/-5.86% Pro-forma, with approx. 20% upside in rental income. Property sold 'As-Is' in its present condition, Seller will not pay or make any repairs/replacements. Drive-by only, please do not disturb tenants.3761 Harvill Lane has a total building size of +/-7,620 SF, sitting on a +/-10,176 SF lot. The property offers an excellent unit mix of (2) 3 Bed / 3 Bath (townhouse-style), (2) 2 Bed / 1 Bath (townhouse-style), and (4) 1 Bed / 1 Bath. The units are spacious, with estimated 1,270 SF 3-bedroom, 1,020 SF 2-bedroom, 760 SF 1-bedroom units. The townhouse-style units have outdoor patios. There is a total of 14 parking spaces, consists of 10 garages and 4 open spaces. Features include granite countertops, new piping throughout, new exterior paint and woodworking. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy

Additional Information

Appliances
Disposal, Range, Water Heater
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
10
Total Number of Units
8

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Tzu-ning Chang from Keller Williams Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.