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Listed by ROBERT WATKINS • RE/MAX TIME REALTY
$ 1,999,900
Est. payment | /mo
4,580 SqFt
$ 1,999,900
Est. payment | /mo
4,580 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,580 sqft
Price per Sqft $436
Subdivision Solera
MLS Listing ID IV-24249911
Year Built 1947
Lot Size 0.770 Acres
Property Sub-Type Apartment
Property Description
Incredible Investment Opportunity - 1279 Williams St., Banning, CA Attention seasoned investors! 1279 Williams St. presents a rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Banning, CA. This recently remodeled 5-unit property offers a diverse unit mix to attract a range of tenants, ensuring steady occupancy and strong rental income. The units range in size from a spacious 4-bedroom, 2-bathroom layout to a cozy 1-bedroom, 1-bathroom setup, appealing to families and individuals alike. The property generates an impressive gross rent of $11,700 per month, making it a turnkey investment with significant upside potential. With all major renovations completed, there's no need for additional upfront expenses--simply step in and start collecting rent immediately. Each unit has been modernized, reducing maintenance costs and ensuring tenant satisfaction. To make this deal even more enticing, the seller is open to carrying a note at a competitive interest rate or exploring creative financing solutions tailored to your needs. These options make it easier than ever to maximize your ROI and secure this incredible property. Strategically located in Riverside County, a region known for its growing demand for rental housing, 1279 Williams St. offers investors the ideal combination of low vacancy rates and high cash flow potential. Whether you're looking to expand your portfolio or secure a stable income-generating asset, this property is truly a no-brainer. Seize this opportunity to own a fully remodeled, cash-flowing gem that pencils out from day one. Contact us today for more details or to schedule a private tour!
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R3
Interior
Heating None
Cooling Central Air
Laundry Inside
Exterior
Parking Features Gated
Pool None
Community Features Mountainous
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114