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  • MLS#: AR25048685 ( Quadruplex )
  • Street Address: 9059 Colony Place
  • Viewed: 1
  • Price: $1,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 0
  • Days On Market: 94
  • Additional Information
  • County: RIVERSIDE
  • City: Riverside
  • Zipcode: 92503
  • Provided by: COMPASS
  • Contact: Douglas Douglas
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as is.
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Features
Accessibility Features
  1. See Remarks
Appliances
  1. Gas Oven
  2. Refrigerator
Architectural Style
  1. See Remarks
Assessments
  1. None
Building Area Total
  1. 3784.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 39
Current Financing
  1. Conventional
Electric
  1. Standard
Electric Expense
  1. 1800.00
Fencing
  1. Wood
Fireplace Features
  1. None
Flooring
  1. See Remarks
Foundation Details
  1. Slab
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 480.00
Heating
  1. None
Insurance Expense
  1. 3227.00
Interior Features
  1. Unfurnished
Laundry Features
  1. Community
  2. See Remarks
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Back Yard
  2. Cul-De-Sac
  3. Rectangular Lot
Netoperatingincome
  1. 71798.00
Newtaxesexpense
  1. 16875.00
Parcel Number
  1. 191071007
Parking Features
  1. Paved
  2. On Site
  3. Parking Space
  4. Private
  5. Uncovered
Pool Features
  1. None
Postalcodeplus4
  1. 8061
Property Type
  1. Quadruplex
Property Condition
  1. Turnkey
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Roof
  1. Composition
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 433492458:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
  3. Telephone
Totalexpenses
  1. 24382.00
Trash Expense
  1. 1000.00
Uncovered Spaces
  1. 8.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Natural Gas Connected
  4. Phone Connected
  5. Sewer Connected
  6. Water Connected
View
  1. None
Virtual Tour Url
  1. https://my.matterport.com/show/?m=yGFPrUhyGQF&brand=0
Water Sewer Expense
  1. 1000.00
Water Source
  1. Public
Year Built
  1. 1978
Year Built Source
  1. Estimated
Zoning
  1. R3