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About the Listing P11868 - P25191
RARE triplex investor opportunity in the heart of Riverside featuring strong in-place income and significant value-add potential. The property generates approximately $64,704 in current annual income, with projected upside of approximately $21,000 annually through a city-approved ADU plan, bringing total projected income to approximately $85,704 per year. Situated on two contiguous parcels totaling approximately 0.33 acres!The property has undergone extensive recent improvements, including a new roof, full unit rehabs completed in 2023, fresh exterior and interior paint, and completed termite work, offering a low-maintenance investment profile.Included with the sale are architect-prepared, city-approved plans for an ADU utilizing an existing detached garage, providing a lower-cost path to adding a fourth unit and increasing future income (buyer to verify).The property consists of three units with functional layouts, ample on-site parking, and one detached garage assigned to the larger unit. Tenants currently pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, supporting favorable operating margins.Centrally located near University of California Riverside, Riverside City College, and major freeways (60, 91, 215).Ideal for investors seeking immediate cash flow with minimal deferred maintenance and clear upside through ADU development.Drive-by only. Please do not disturb tenants. Interior inspection subject to accepted offer.
Listing Highlights
Status
Active
Days on Site
47
Property Type
Multi-Family
MLS ®
P1-26538
Year Built
1907
Total Square Footage
0
Lot/Acreage
0.33
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances: Electric Range, Gas Range, Microwave, Refrigerator, Water Heater
- Air Cond:
- Heating: Fireplace(s)
- Fireplaces: Gas
- Floor: Carpet,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Storage,Tile Counters,Bedroom on Main Level
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,Back Yard,Landscaped,Near Public Transit,Rocks,Yard,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 8
- Roof: Shingle
- Others: Updated/Remodeled,Turnkey
- Sewer: Public Sewer
- Parking Features: Driveway,Garage,On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 211104018
- Tax Year: N/A
Payment Calculator
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Questions About..
3633 Kansas Ave Riverside, CA 92507
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