Address
3985 Kansas Avenue Riverside, CA
Price
$ 788,880
Property Attributes
- MLS#IV21064140
- TypeIncome
- CountyRIVERSIDE
- CityRiverside
- AreaRiverside
- Zip92507
- StyleTriplex
- Price$ 788,880
- Bedrooms3
- Full Bathrooms3
- Half Bathrooms0
- Lot Size7,841 SqFt
Listing Provided Courtesy Of:
MICHAEL NUGENT with REALTY MASTERS & ASSOCIATES.
Data Source:
CRMLS
Property Description
Income opportunity ~ NO RENT CONTROL..three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus room) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100.00 P/M; the 2nd unit with 2be/1ba can rent for $1,450.00 & the 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity.
| Price History | |
|---|---|
| 3/27/2021 | Listed $828,880 |
| 3/27/2021 | 5% - $788,880 |
General Features
| Appliances | Dishwasher, Gas Range, Microwave, Water Heater |
|---|---|
| Community Features | Biking, Curbs, Park, Street Lights, Sidewalks |
| Flooring | Carpet, Laminate |
| Heating | Wall Furnace |
| Interior Features | All Bedrooms Down |
| Levels | One |
| MLS Area | 252 - Riverside |
| Parking Features | None |
| Pool Features | None |
| Property Attached Y/N | Yes |
| Property SubType | Triplex |
| Property Type | Residential Income |
| Rooms | Kitchen, Family Room, Bedroom |
| Sewer | Sewer Tap Paid |
| Terms | Cash, Conventional |
| Total Actual Rent | 3300 |
| Total Units | 3 |
| Zoning | R2 |
Interior Features
| Common Walls | 1 Common Wall |
|---|---|
| Fireplace Features | None |
| Heating Y/N | Yes |
| Laundry Features | Inside |
Exterior Features
| Lot Features | Corner Lot |
|---|---|
| Lot Size Acres | 0.18 |
| Lot Size Area | 7841 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 7841 |
| Lot Size Units | Square Feet |
| Number of Buildings | 2 |
| Number of Separate Electric Meters | 3 |
| Number of Separate Gas Meters | 3 |
| Number of Separate Water Meters | 2 |
| Water Source | Public |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bedroom | ||||
| Family Room | ||||
| Kitchen |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 92507
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of April 20, 2021 9:28 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
