$800,000
$799,900
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10,018 Sqft Lot
SOLD DATE : 11/06/2024
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24209676
Sold Date 11/06/24
Construction Status Turnkey
HOA Y/N No
Year Built 1984
Lot Size 10,018 Sqft
Property Description
Welcome to this prime duplex investment opportunity located at 2576 - 2578 Lime Street, Riverside, CA! This well-maintained property features two separate units, each offering 2 spacious bedrooms and 2 full bathrooms, complete with their own electric and gas meters for easy management. Both units include in-unit laundry, central heating and air conditioning, and newer flooring throughout. The entire roof was recently replaced in 2021, ensuring a worry-free investment for years to come.
The property offers ample parking with space for up to 4 vehicles, including a 1-car garage, 1 covered carport space, and 2 additional uncovered parking spots for each unit. Situated on a large 10,019 sq. ft. lot, just shy of a quarter acre, there’s potential for future expansion. The existing garages can potentially be converted into additional units or an ADU, subject to local building codes and regulations.
Located in an excellent area, this property is just minutes from major freeways, making commuting a breeze. It’s also conveniently close to Downtown Riverside, where you can enjoy a variety of dining, shopping, and entertainment options.
With extremely low monthly expenses— averaging $40/month for water/sewage, $40/month for landscaping, and a $55 bi-monthly pest control service—this property is perfect for an investor seeking immediate cash flow. Both units are tenant-occupied, providing steady rental income from day one.
Don’t miss out on this incredible opportunity to own a versatile, income-generating property in a desirable Riverside location! Contact us today for more details.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R2
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Gas Range, Water Heater
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Exterior
Garage Carport, Garage, Gated
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Fence Chain Link, Wood, Wrought Iron
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Shingle
Accessibility None
Parking Type Carport, Garage, Gated
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre, Sprinkler System
Faces Northwest
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 209142006
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing FHA
Special Listing Condition Standard
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Bought with Sammer Mudawar • The Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "