43275 Hacienda Street,  Hemet CA, 92544 (Residential Income)

24,500 sqft
Status: Sold
MLS#: SW16144533
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Last Updated: 12/8/2016 5:21 PM
Description for 43275 Hacienda Street Hemet, CA 92544
VALUE ADD OPPORTUNITY FOR THE SEASONED INVESTOR. UNDER NEW MANAGEMENT. NEW RENTS. STABLE OCCUPANCY. HUGE APARTMENTS. Beautiful Multifamily Property in a great location in east Hemet. First time on the market in 11 years. 21 Huge Apartments that appeal to everyone. Rents below market and rising fast. This investment will never go out of style for owners and renters. Nice pool, umbrella tables and gorgeous plant life. Beautiful Fountain with ducks provides calm sound barrier for resident privacy. Tremendous upside to this investment. Owner downsizing investments brings a new opportunity. Excellent new management in place with new rents and great resident retention experience. This is an opportunity that does not come up very often. It's the nicest property with the greatest potential for value and cash flow increase on the market. It's a VALUE ADD opportunity with few changes necessary. Get it while you can. 16 - 2/2s, 3 - 1/1s 2 - 3/2s total 21 great apartments.
Price
Sold Price:
$2,130,000
Sold Date:10/24/2016
Riverside
24,500 (approx)
SW16144533
Closed
Description
VALUE ADD OPPORTUNITY FOR THE SEASONED INVESTOR. UNDER NEW MANAGEMENT. NEW RENTS. STABLE OCCUPANCY. HUGE APARTMENTS. Beautiful Multifamily Property in a great location in east Hemet. First time on the market in 11 years. 21 Huge Apartments that appeal to everyone. Rents below market and rising fast. This investment will never go out of style for owners and renters. Nice pool, umbrella tables and gorgeous plant life. Beautiful Fountain with ducks provides calm sound barrier for resident privacy. Tremendous upside to this investment. Owner downsizing investments brings a new opportunity. Excellent new management in place with new rents and great resident retention experience. This is an opportunity that does not come up very often. It's the nicest property with the greatest potential for value and cash flow increase on the market. It's a VALUE ADD opportunity with few changes necessary. Get it while you can. 16 - 2/2s, 3 - 1/1s 2 - 3/2s total 21 great apartments.
Listing Information
Property Type: Cluster, Other
0.77 Acres 3,379,000 sq.ft. 24,500 (approx)
$86.94 1975
Yes- 2 spaces
Common Hot Water Heater, Sump Pump
Telephone
3 Total
Neighborhood
Room Information
Common
Counter Top - Formica
Interior Features
Electric Oven, Electric Range/Cooktop, Gas Range/Cooktop
Central Air
Forced Air
Full Copper Plumbing
Open Floor Plan
Exterior / Lot Features
2 Garage Spaces, 44 Parking Spaces, Assigned Parking Space, Unassigned, Attached Carport, Garage, Covered, Uncovered, Driveway, Shared Driveway, On Site, Off Site, Private, Public, Street Parking, Tandem
Pool
Community Pool, In-ground, Child safety fence
Storage Area, Suburban
Community Features
Community Pool
Driving Directions
Just north of Florida @ New Chicago @ Ramona Expressway ON HACIENDA right behind Walgreens Cross Streets: Florida and New Chicago
Financial Considerations
551400005
$1 Income ,$1Expense
Listing Price History

Hemet Real Estate

Hemet is located in California. Hemet, California 92544 has a population of 78,833.

The median household income in Hemet, California 92544 is $33,460. The median household income for the surrounding county is $57,096 compared to the national median of $53,046. The median age of people living in Hemet 92544 is 38.8 years.

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Courtesy: Keller Williams RE-Tem Valley Robyn Wonnell
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