3613 Nye Avenue, Riverside, CA 92505

$4,850,000
14,240
SqFt
List Price
$4,850,000
Status
ACTIVE
MLS#
IG19074346
Year Built
2007
Living Sq. Ft
14,240
Lot Size
720
Acres
0.0165
Lot Location
Lawn
Days on Market
140
Property Type
Multifamily
Stories
Two Level

Property Description

This is a rare opportunity to purchase 16 high quality condominiums currently utilized as an apartment complex. All 16 units have their own Assessor Parcel Numbers. The property is located between Kaiser Hospital in Riverside and the Tyler Mall. Each unit is 2 Bedrooms with 2 Full Bathrooms and each unit has an attached 2 car garage with washer and dryer hookups and electric garage door openers. All units have central air, granite counter tops, and small front patio yards. The complex is gated and each unit has remote controls for the two gated entries. It is rare to find a newer construction of this quality in a highly desirable location near the Tyler Mall. Since each unit has its own APN, the tenants actually pay their own trash and utility bills. The HOA is not in effect since the building is not operating as condominiums at this time. Their is also potential future upside to eventually sell the units as condominiums.

Additional Information

Tract Number
34523
Lot Description
Curbs
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
32
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
16

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Kurt Tiedt from Titan Real Est.& Investments

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.