1205 Olive Tree Lane

    Hemet, CA 92543
    • $439,900
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: IG18183930
    $439,900
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    This is a nice money making bread & butter 4 plex, single story solid income property in a nice area in very good condition and even has an upside in rents! It features good sized 1 bd/1 ba units with new granite counter tops, newer tile floors, newer roof, individual back patios, 4 divided garages (1 ea unit) with parking in front of those and on the street.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/86104805

    1205 Olive Tree Lane Hemet, CA 92543

    • Price: $439,900
    • Status: Active
    • ID#: IG18183930
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1970
    Built
    Neighborhood:
    223 - Hemet/San Jacinto
    County:
    Riverside
    Area:
    223 - Hemet/San Jacinto
    Property Description
    This is a nice money making bread & butter 4 plex, single story solid income property in a nice area in very good condition and even has an upside in rents! It features good sized 1 bd/1 ba units with new granite counter tops, newer tile floors, newer roof, individual back patios, 4 divided garages (1 ea unit) with parking in front of those and on the street.
    Exterior Features

    Garage Spaces 4.00 Lot Features Corners EstablishedLot 6500-9999Lot-Level/Flat Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features BathKitchenMaster Bedroom Fireplace YN Yes Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.40 Community Features Street Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Rental Rate 0.00 Gross Income 37200.00 Gross Multiplier 11.60 Gross Operating Income 3445236.00 Gross Scheduled Income 37200.00 Gross Spendable Income 23481.00 Insurance Expense 1479.00 Land Lease YN No Laundry YN No Maintenance Expense 930.00 Maintenance Percent 2.50 Net Operating Income 23481.00 New Construction YN No New Taxes Expense 5351.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 13347.00 Operating Expense Percent 19.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityTelephone Total Expenses 13347.00 Trash Expense 1495.00 Vacancy Allowance 372 Vacancy Allowance Rate 1.00 Water Sewer Expense 3906.00 Water Source Public Year Built Source Estimated Zoning R3

    Listing provided courtesy of Stephen Rogers of The Realty Pros.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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