22869 Adrienne Avenue, Moreno Valley, CA 92553
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Listed Price :
$2,100,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1971
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Carpet |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
22869 Adrienne Avenue |
| City |
Moreno Valley |
| State |
CA |
| Zip |
92553 |
| County |
Riverside |
| Listing Agent |
Michael Lembeck DRE #01019397 |
| Courtesy Of |
Citivest Realty Services, Inc |
| List Price |
$2,100,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
13,940 |
| Year Built |
1971 |
Listing information courtesy of: Michael Lembeck, Citivest Realty Services, Inc. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
