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  1. House
  2. For Sale
  3. Hemet
Kristopher R. German 1,725,000 USD

Residential - Multi-Family - Hemet, California, United States - United States

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Kristopher R. German

RE/MAX 2000

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1725000.0000 USD
1005484002-93 Multi-Family RE/MAX 1005484002-93 1005484002-93 https://global.remax.com/en/listings/usa/multi-family/for-sale/hemet/509-e-central-ave/1005484002-93

Residential - Multi-Family - Hemet, California, United States - United States

MultiFamily in Hemet, CA

1,725,000 USD https://global.remax.com/en/listings/usa/multi-family/for-sale/hemet/509-e-central-ave/1005484002-93 InStock
 
509 E Central Ave - Hemet, California, United States
Lot Size:
0.37 acre(s)
1990's construction priced at a Current 8.29 GRM and 8% CAP Rate!!! We are pleased to exclusively present this well-maintained 8-unit multifamily asset, perfectly positioned to generate immediate cash-flow and long-term value. Built in the 1990s and offered well below replacement cost at just $199 per square foot, this property presents a rare blend of newer construction, strong tenant appeal, and robust financial performance. Boasting an excellent unit mix of (4) spacious 3-Bed/2-Bath units and (4) well-designed 2-Bed/2-Bath units, this building attracts a stable tenant base seeking comfort and convenience. Each residence comes with private balconies or patios, central A/C and heat, and its own private 2-car garagea luxury not often found in multi-family assets. Investors will appreciate the recent capital improvements: 7 of the 8 units have been tastefully remodeled, featuring new dual-pane windows, fresh paint, modern flooring, and updated kitchens. The property offers private gated entry, ample onsite parking, and is set up to minimize deferred maintenance concerns. Financial highlights include a Current GRM of 8.29 and a Cap Rate of 8.05%, making this a compelling addition to any portfolio. With solid in-place income and continued rental upside, this asset offers both immediate returns and future growth potential. Don't miss the opportunity to acquire a low-maintenance, high-yield property in a desirable rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and Duplex units property see MLS#CV25148384)
Features Description


All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Kristopher R. German - RE/MAX 2000
+1 (626) 956-0188 0 - 99999999 Kristopher R. German Kristopher R. German https://global.remax.com/en/agents/usa/hacienda-heights/kristopher-r-german/1005484002 1221 S Hacienda Blvd
Hacienda Heights, California, United States
91745

Kristopher R. German

RE/MAX 2000

+1 (626) 956-0188 0 - 99999999 USD United States RE/MAX RE/MAX 2000 Hacienda Heights 1221 S Hacienda Blvd
Hacienda Heights, California, United States
91745


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+1 (626) 956-0188 0 - 99999999 Kristopher R. German Kristopher R. German https://global.remax.com/en/agents/usa/hacienda-heights/kristopher-r-german/1005484002 1221 S Hacienda Blvd
Hacienda Heights, California, United States
91745

RE/MAX 2000

1221 S Hacienda Blvd
Hacienda Heights, California, United States
91745
https://2000-hacienda-heights-ca.remax.com/
+1 (626) 956-0188 0 - 99999999 USD United States RE/MAX RE/MAX 2000 Hacienda Heights

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