0 Fir Avenue
Moreno Valley, CA 92553
Active for $695,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 33,976 sqft
MLS | OC24234757 |
Year Built | |
Property Type | |
County | Riverside |
Status | Active |
Active | $695,000 |
Structure Size | N/A sqft |
Lot Size | 33,976 sqft |
Beds | N/A |
Baths | N/A |
Description
Full Marketing Package Available. This site has an approved project for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more.
Listing information courtesy of: Bryant Brislin, The Hoffman Company . *Based on information from the Association of REALTORS/Multiple Listing as of 11/15/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.