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    1196 Fountain Street

    Riverside, CA 92507
    • $869,000
    • STATUS: Active
    • ON SITE: 159 days
    • ID#: CV20238131
    UPDATED: 44 min ago
    $869,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,540
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    This is an excellent opportunity for the right investor. It's a very excellent location is perfectly situated near the 215 & 60 FWY. The property consists of a very attractive unit mix with 4 2Bedroom + 1Bathroom units perched behind a satisfactory 4-unit carport. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. Just 3 miles from the University of California of Riverside, this is a highly desirable rental area. This is an extremely rare investment that features amazing upside potential with all units individually metered for electricity and gas. Great additional parking in the front of the building. The property is located 3 miles from the University of California Riverside (UCR) while also only less than a mile from the Grand Terrace High School. The property is strategically situated between Downtown Riverside & the upcoming city of Grand Terrace. Right off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. The property does have a septic tank system. Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. The buyer is advised to independently verify the accuracy of all information and condition of the property through personal inspection and with appropriate professionals. All 4 of the units have been remodeled.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T21:29:50.867. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
    www.teamforss.com/homes/111800672
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    1196 Fountain Street Riverside, CA 92507

    • Price: $869,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: CV20238131
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,540
    SQFT
    $245
    $/SQFT
    1964
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    This is an excellent opportunity for the right investor. It's a very excellent location is perfectly situated near the 215 & 60 FWY. The property consists of a very attractive unit mix with 4 2Bedroom + 1Bathroom units perched behind a satisfactory 4-unit carport. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. Just 3 miles from the University of California of Riverside, this is a highly desirable rental area. This is an extremely rare investment that features amazing upside potential with all units individually metered for electricity and gas. Great additional parking in the front of the building. The property is located 3 miles from the University of California Riverside (UCR) while also only less than a mile from the Grand Terrace High School. The property is strategically situated between Downtown Riverside & the upcoming city of Grand Terrace. Right off the 215 FWY in between the 10 & 60 FWY, this property is very commuter-friendly. The property does have a septic tank system. Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. The buyer is advised to independently verify the accuracy of all information and condition of the property through personal inspection and with appropriate professionals. All 4 of the units have been remodeled.
    Exterior Features

    Carport Spaces 4 Carport YN Yes Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features Detached Carport Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 4854 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 0 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 0 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Shared Septic Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3854 Trash Expense 123 Water Sewer Expense 70 Water Source Public Zoning R-2

    Listing provided courtesy of Arthur Dresch of Arthur Dresch Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-21T21:29:50.867. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
     
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    Temecula CA, 92592