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Address not disclosed Riverside, CA 92507
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Key Details
Sold Price $1,885,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV16162152
Sold Date 12/16/16
HOA Y/N No
Year Built 1959
Property Description
The Iowa Avenue Apartments are located at the southeast corner of Iowa Avenue and Villa Street. The property is conveniently located west of the 215 Freeway and about 3 miles from University of California Riverside and University Village Shopping Plaza. Investors have the rare opportunity to own a consistent income producing property in a prime location.
Built in 1959, the Iowa Avenue Apartments contains 23 units on a 38,768 square foot lot. The property is part of an unincorporated area of Riverside County. The building features single story units with pitched composition roof and three underground septic tanks. The Iowa Avenue Apartments have a unit mix of 4 studio units, 18 one-bedroom/one bathroom units, and 1 two-bedroom/one-bathroom unit. The building size for this property totals 14,500 square feet with an average unit size of 630 square feet.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Fireplace No
Exterior
Parking Features Assigned, Off Street, One Space
Pool None
Community Features Sidewalks
Private Pool No
Building
Sewer Septic Tank
Water Public
Others
Senior Community No
Tax ID 247082002
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Lease Land No
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Bought with Jade Chan • Park and refer