$ 999,000
-
$999,000
Price -
4
Bed -
4
Bath -
2,310
SqFt
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About the Listing IVBHHS3 - IVCHRISMI
Investor opportunity in the heart of Old Town Lake Elsinore, near main Street. This well maintained fourplex features four 1 bedroom, 1-bathroom units and is ideally located just moments from Main Beach, the public boat ramp, nearby baseball fields, public library, post office. The property offers strong tenant appeal with dedicated on-site laundry room equipped with Speed Queen coin-operated washer and dryer, providing additional income potential. Exterior improvements include attractive low maintenance landscaping with artificial turf, decorative rock, concrete hardscaping, and a newer roof. The rear parking area features a concrete parking lot with five designated spaces and room for a sixth vehicle. Additional highlights include a Tesla solar lease and a highly desirable location near recreation, shopping, dining and the Lake Elsinore Waterfront. All information contained herein is deemed reliable but not guaranteed. Buyers and Buyers agent are advised to independently verify all information, including but not limited to square footage, lot size, zoning, permits, property condition and any other matters affecting the property. Seller and listing broker make no representations or warranties, expressed or implied, as to the accuracy of information provided. Buyer is advised to conduct their own due diligence and investigations to their satisfaction prior to the close of escrow. Listing agent is the owner of the property. Electricity, water and gas are on 1 meter. Cap rate is 6.37%. GRM 11.5
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
IV26135897
Year Built
1917
Total Square Footage
2,310
Lot/Acreage
0.2
County
Riverside
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Gas Cooktop, Gas Oven, Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Laminate Counters,All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof: Asphalt
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 374242013
- Tax Year: N/A
Payment Calculator
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Questions About..
111 S South Lindsay St Lake Elsinore, CA 92530
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