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508 W Williams Street

Banning, CA 92220
  • $619,000
  • STATUS: Active
  • ON SITE: 144 Days
  • ID#: TR23124320
UPDATED: 38 min ago
$619,000
  • 0
    BEDS
  • 0.61
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Jenny Zhang of A + Realty & Mortgage (626-855-2530)


Description

Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out!Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141384454
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508 W Williams Street Banning, CA 92220

  • Price: $619,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 38 min ago
  • ID#: TR23124320
0
Beds
0
Baths
0
½ Baths
0.61
Acres
1964
Built
Neighborhood:
None
County:
Riverside
Area:
263 - Banning/Beaumont/Cherry Valley
Property Description
Opportunities knocked! Beautiful 4 unit apartments(two buildings, each unit is one bedroom one bath)) located in a quiet tree lined street in the city of Banning, which is only 2 minutes away rom Fwy 10 and minutes away from Desert Hills Premium Outlets and Cabazon Resort and Casino. This nice apartment complex sits on a large lot over 26,000 sqf which gives investors another golden opportunity to add on more units, all interest parties please check with the city planning department for the expansion. Laundry rooms in Building 506 both units were converted into bedrooms without permit. All units has tile flooring for easy maintenance. All units have separate electricity and gas meters, Only one water meter but water bill spilt paid by the tenants, landlord Only pays $120/month trash bill. Very low maintenance with high returns , long term tenants, don't miss out!Property to be Sold in AS IS, Where Is condition, all information is dim reliable but not guaranty, living square feet is estimated, no public record, please do own investigation. Please drive by Only and do Not disturb the tenants, they are Not aware of the sale. Offer subject to interior inspection on accepted offer, interior pictures were taken prior tenants moved in.
Exterior Features

Entry Level 1 Entry Location front Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Accessibility Features See Remarks Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Tile Heating Natural GasSee Remarks Heating YN Yes Interior Features Open FloorplanTile CountersBedroom on Main Level

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Electric Standard Garage YN No Gross Income 50640 Gross Scheduled Income 50640 Insurance Expense 900 Land Lease Amount 0 Land Lease YN Yes Laundry Features See Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to Existing LoanCash to New Loan Net Operating Income 48300 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 2340 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1440 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T22:25:45.427. 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 or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Jenny Zhang of A + Realty & Mortgage (626-855-2530)