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Apartments For Sale • 9,810 SF
| Opportunity to Increase Rental Income by up to 16% to Achieve Market Rents, Current 6.09% Cap Rate on Current Income, 7.49% Cap Rate at Market Rents |
| High Rental Demand Location in the Inland Empire, Historically High Occupancy |
| All 1B/1B Unit Floor Plans | Average Unit Size of ±460 SF, Superbly-Maintained Property Consisting of ±6,424 Rentable SF; Situated on a ±10,019 SF Lot |
| Units are Upgraded and Features Include Fully Equipped Kitchen with Microwave, Oven Range and Dishwasher, Mirrored Closet Doors, Vinyl Wood Floor |
| Common Area Features Include Low Maintenance Landscaping, Gated Parking, Surface Parking and On-Site Laundry Facility |
| Prime Location in Close Proximity to Downtown Riverside, the Metrolink Train Station, and a Plethora of Popular Restaurants and Shopping Centers |
| Cap Rate: | 6.09 % |
| Total Expenses: | $122,287 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.6 mi |
| Pedley (Riverside Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 4.3 mi |
| Airport | Drive | Walk | Distance |
| Ontario International | 21 min | - | 14.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 20 |
| Type: | Surface |
| Included in Rent: | Yes |
Kevin Sin
CBRE
Kevin Sin
CBRE