21840 Cottonwood, Moreno Valley, CA 92553
- $2,275,000
- List Price
- $2,275,000
- Price Change
- ▼ $25,000 1780288636
- Status
- ACTIVE
- MLS#
- PW25243605
- Year Built
- 1976
- Lot Size
- 260,924
- Acres
- 5.99
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 280
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level
Property Description
THERE ARE TOTAL 4 PARCELS AS FOLLOW 263-170-004,263-170-003,263-170-006,263-170-007 TOTAL ALMOST 6 ACRES OF LAND .ONE PARCEL IS ZONED R-15 CAN BUILS UPTO 15-16 APARTMENTS REST IT IS R-3 3 HOUSES +3 ADU PER ACRE TOTAL DEVELOPMENT WILL BE 15 HOUSES AND 15 ADU+16 APRTMENTS.PLEASE CONFIRM WITH CITY. AT PRESENT THERE ARE 6 UNITS TOTAL INCOME $10000 PER MONTH . TRIPLEX 2 3BD 1 BA UNIT AND 1 2BD 1BA AND 1 DUPLEX 2BD 1 BA AND ONE SINGLE FAMILY HOMES 2BD 1 BA. 3BD 1 BA UNIT PERFORMA RENT TO BE MINIMUM $2600 PER MONTH AND 2 BD SHOLD BE MINIMUM $2200 PER MONTH SO GROSS RENT SHOULD BE $14000 PER MONTH . MAKE OFFERS. GREAT POTENTIAL PROPERTY WALKING DISTANCE TO MALL AND SHOPPING,CLOSE TO FREEWAY 215 AND 60 FWY. .PRICE REDUCED $125000.MAKE OFFERS.BRAND NEW ROOF ,NEW FLOORING ,NEW KITCHEN CABINETS INSTALLED. 6 UNITS ON 6 ACRES WITH POTENTIAL TO ADD MORE UNITS AND HOUSES.GREAT GREAT POTENTIAL PROPERTY.
Additional Information
- Pool Description
- None
- Heat
- Central
- Sewer
- Other
- Attached Structure
- Detached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $120,000
- Operating Expense
- 30000
Listing courtesy of Listing Agent: Tilak Chopra (JAIMATA7@SBCGLOBAL.NET) from Listing Office: CAL Top Realty & Investments.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.