22869 Adrienne Avenue Active Save Request In-Person Tour Request Virtual Tour
Moreno Valley,CA 92553
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $210
MLS Listing ID CRPW24239554
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1971
Lot Size 0.320 Acres
Property Description
22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.
Location
State CA
County Riverside
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Community Facility
Exterior
View Other
Building
Water Public