Residential Income Details
We are pleased to exclusively present for sale a 6-unit, single-story multi-family investment opportunity in Moreno Valley, California. Sitting on a .16 acre lot, the offering is well located within close proximity to Interstate 215 and State Route 60 and fifteen minutes distance from University of California, Riverside.
The subject property is located in a quiet, single-family neighborhood and is within close proximity to Cottonwood Golf Center, Moreno Valley Police Department and Moreno Valley City Hall. The region benefits from an influx of out of area capital moving towards the Inland Empire for medical and distribution centers with approved mega projects anticipated to bring approximately 40,000 additional jobs to the city of Moreno Valley.
Within a relatively short period of time, the new owner should realize the upside by leveling rents to market resulting in a 34% increase in net operating income. This opportunity presents a prospective investor the ability to own a stable, income producing asset in a non rent-controlled, high growth area.
|Number of Units||6|
|Listing Brokerage||MARCUS & MILLICHAP|
|Listing Agent||EDWARD PAN|
|Listing Agent BRE #||01894476|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, July 9, 2018.
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