6
See all 6 photos
$998,000
Est. payment /mo
9 Beds
8 Baths
0.26 Acres Lot
New
962 Monarch Hemet, CA 92543
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW26090634
Bedrooms 9
Lot Size 0.260 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 962 Monarch in Hemet! A 4-Plex with a total of 9 bedrooms & 8 bathrooms featuring a nice layout of A/B/C/D units with each having a 2 car attached garage. Unit A has a 3rd bedroom and direct access to the garage. Units B/C are mirrors of each other with 2 bedrooms and 2 bathrooms, nice open kitchens and private fenced patios. End Unit D is 2 bedroom & 2 bathrooms also known as the "Owners Unit" and features a fireplace, private fenced yard, small courtyard and direct access garage. With all the units offering outside space, garages and private access this is an investors dream with great cash flow opportunities. Each unit has its own electric and gas meters, laundry space inside with gas/water hookups. Two brand new kitchens were recently installed. Located in a central location of Hemet close to schools and highway access, and offering a low overall cost of ownership this property has a great potential return for investors. Updated quadruplex offering strong investment potential. The property offers a functional layout with well-designed living spaces. Owners have recently painted exterior, and maintained landscaping. With the recent renovations and desert-like landscaping, this is a rare opportunity to own a low maintenance income property in a growing Hemet market. This Quadruplex offers a compelling combination of immediate income, low maintenance and future appreciation. All units are currently under lease.
Location
State CA
County Riverside
Zoning Public Rec
Direction FROM 79 HWY, Turn R Domenigoni Pkwy., L State St., R onto E Johnston, R onto Monarch.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 446320062
Acceptable Financing Cash, Land Contract
Listing Terms Cash, Land Contract
Listed by Cynthia Mitchell, DRE#01971983 Exit Alliance Realty
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Barrett Real Estate -CA