$ 695,000
0 Fir AVE Moreno Valley, CA 92553
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 695,000
Est. payment /mo
Active
0 Fir AVE Moreno Valley, CA 92553
0.78 Acres Lot
UPDATED:
10/03/2024 11:53 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24121263
HOA Y/N No
Lot Size 0.780 Acres
Property Description
*PERMIT READY*FULL MARKETING PACKAGE AVAILABLE UPON REQUEST*. This site has an approved site plan for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning R15
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N No
View None
Building
Lot Description 11-15 Units/Acre, Flag Lot
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 481171039
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Lease Land No
Listed by Bryant Brislin • The Hoffman Company • bbrislin@hoffmanland.com