862 Oleander Street Active Save Request In-Person Tour Request Virtual Tour
Hemet,CA 92543
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,258 sqft
Price per Sqft $232
MLS Listing ID CV-25148384
Year Built 1984
Lot Size 9,147 Sqft
Property Sub-Type Duplex
Property Description
We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-Bed/2-Bath single-story units--ideal for both seasoned investors and first time buyers. Built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out. Each unit is equipped with its own private 2-car garage, plus ample on-site parking--a rare find that enhances tenant satisfaction and retention. Interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance. The property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. Strong financials with a GRM of 10.17 and a current Cap Rate of 6.69% make this a compelling investment from day one. One of, if not the only, duplex on the market with positive cash-flow. Don't miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759)
Location
State CA
County Riverside
Zoning R3
Interior
Interior Features Copper Plumbing Full
Heating Central
Fireplaces Type None
Laundry None
Exterior
Parking Features Garage
Garage Spaces 2.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available,Water Available,Electricity Available,Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer