Description
What you are looking at is a rare opportunity to purchase investment property that has substantial current income and the potential to bedeveloped with more rental units. This property falls within the City of Moreno Valley's redevelopment area and is zoned R-15. Potential to build 67-100 units per architectural designed plan. Plans available. This single 4.35 acre parcel is only about 35% developed with the current 8 rental units. There is a 9th unit that is in poor condition, but could be rehabbed to increase monthly income. Large barn/storage building with ample parking located at the rear of property. There is room to add at least another 8 units or more! Units have been undated with newer windows, central heat and air, and separate meters for water, electricity, and gas. Don't wait or this will be gone.
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0BEDS
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4.35ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
What you are looking at is a rare opportunity to purchase investment property that has substantial current income and the potential to bedeveloped with more rental units. This property falls within the City of Moreno Valley's redevelopment area and is zoned R-15. Potential to build 67-100 units per architectural designed plan. Plans available. This single 4.35 acre parcel is only about 35% developed with the current 8 rental units. There is a 9th unit that is in poor condition, but could be rehabbed to increase monthly income. Large barn/storage building with ample parking located at the rear of property. There is room to add at least another 8 units or more! Units have been undated with newer windows, central heat and air, and separate meters for water, electricity, and gas. Don't wait or this will be gone.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.