3561 Russell Street

Description

Duplex (2 Units) Near Downtown Riverside Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU). Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all. ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUs—perfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter. Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, there’s plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research). Important Buyer Information: Zoned R1-7000 SFR, per the City of Riverside (buyer to verify) Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering. No blind offers, please. This is a rare opportunity to invest in a growing area with plenty of potential!

Listing information courtesy of: Robert Esparza, Transunited Realty Group 7147157466. *Based on information from the Association of REALTORS/Multiple Listing as of 10/23/2024 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.