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Listed by ROBERT WATKINS • RE/MAX TIME REALTY
$899,000
Est. payment /mo
3 Beds
2 Baths
1,530 SqFt
UPDATED:
12/18/2024 10:00 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,530 sqft
Price per Sqft $587
MLS Listing ID CRIV24249829
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1932
Lot Size 9,148 Sqft
Property Description
Incredible Investment Opportunity in Banning, CA Attention seasoned investors! Discover an exceptional income-generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one. The first home is a spacious 3-bedroom, 2-bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2-bedroom, 2-bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in California’s competitive real estate market. What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you won’t need to spend any initial cash on upgrades or repairs—it's turnkey and ready to start earning from the moment you take ownership. Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether you’re seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your financi
Location
State CA
County Riverside
Interior
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry See Remarks
Exterior
Pool None
View Other
Private Pool false
Building
Story 1
Schools
School District Banning Unified
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803