Instant equity opportunity! Here’s your chance to buy an investment property and be in the green from day one! The property recently appraised for $1.274M, making this the perfect addition to your real estate portfolio. Whether you're an investor or a buyer seeking a multi-unit property to live in while generating rental income, this is an opportunity you won’t want to miss. The potential for house hacking is enormous—live in one of the units while collecting rents from the others, or enjoy the steady, reliable income stream as an investor. Not only can you build an additional 3 units on the property, the property also generates a strong net operating income (NOI) of $88,371 annually, making it a high-yield investment with exceptional growth potential in a booming area. With a cap rate of **7.2%**, this property represents a highly attractive opportunity for anyone looking to capitalize on Riverside's growing real estate market. This exceptional triplex is a rare gem in Riverside, offering a prime opportunity for both savvy investors and buyers looking to house hack. Situated just minutes away from the 91 and 215 freeways, as well as the vibrant Downtown Riverside area, this property offers unrivaled access to major commuter routes and city amenities. Riverside City College Schedule a Private Showing

Listing courtesy of BRIDGE / KASE Real Estate

Last checked: Checking… • Last updated Jan 20, 2025 • Source: BRIDGE

MLS# CRDW24239040 — Report a problem

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