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  • MLS#: IV26028815 ( Quadruplex )
  • Street Address: 638 Michigan
  • Viewed: 1
  • Price: $1,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1953
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: RIVERSIDE
  • City: Beaumont
  • Zipcode: 92223
  • Subdivision: Solera (slra)
  • Provided by: KELLER WILLIAMS RIVERSIDE CENT
  • Contact: SAGE SAGE
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Two mirror image parcels sold together, allowing for residential 14 unit financing and eliminating the need for a commercial loan. Each parcel includes a front single family home with a one car garage and a rear duplex, totaling 6 units. All units are fully occupied at market rents with a low 5% vacancy rate. The property is well maintained with little to no deferred maintenance. Three of the six units have been moderately upgraded. All units are 2 bed / 1 bath with indoor laundry, private yard space, and storage sheds. Tenants are in excellent standing, rents are increased annually, and renter profiles are strong. Recent improvements include flooring, windows, garage doors, exterior paint, parking area re paving, and trash area relocation to name a few. All units are individually metered, have designated mailboxes, and offer ample on site parking.
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Features
Additional Parcels Description
  1. 418-031-011
Assessments
  1. Buyer to Verify
Association Fee
  1. 0.00
Building Area Total
  1. 5350.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
  2. No One Above
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Entry Location
  1. Front
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Vinyl
Fuel Expense
  1. 0.00
Garage Spaces
  1. 2.00
Have
  1. in unit laundry
  2. yard
  3. separate mailbox
  4. meters
Heating
  1. Wall Furnace
Insurance Expense
  1. 8434.00
Laundry Features
  1. Individual Room
  2. Inside
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 108130.00
Parcel Number
  1. 418031012
Parking Features
  1. Paved
  2. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Quadruplex
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 456245395:CRM
Subdivision Name Other
  1. Solera (SLRA)
Taxblock
  1. 63
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 10820.00
Totalexpenses
  1. 15218.00
Trash Expense
  1. 2954.00
Uncovered Spaces
  1. 16.00
Utilities
  1. Cable Connected
  2. Electricity Connected
  3. Sewer Connected
  4. Water Connected
Water Sewer Expense
  1. 3830.00
Water Source
  1. Public
Window Features
  1. Double Pane Windows
Year Built
  1. 1953
Year Built Source
  1. Public Records