22869 Adrienne AVE Active Save Request In-Person Tour Request Virtual Tour
Moreno Valley,CA 92553
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24239554
Year Built 1971
Lot Size 0.320 Acres
Property Description
22869-22877 Adrienne Ave. Well maintained 12 units with center courtyard. Located in great rental area. Always rented and always full. Excellent unix mix of one, two, and three bedrooms. 4.89% cap rate on existing rents. Gated parking in the rear of the property. Seller increasing rents to bring 2025 income to $147,092 and cap rate to 5.2%. One 3 bedroom unit rented to the on-site manager at a reduced rate. Proforma income of $156,692 could be obtained by self-managing property. Close to Cottonwood Golf Center, 99 Cents Store, TJ Maxx, BJ's Restaurant, Chili Grill, Ross, Banks and Moreno Valley Mall.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning R3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplaces Type None
Laundry Common Area
Exterior
Pool None
Community Features Biking,Curbs,Gutter(s),Suburban,Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Sewer Tap Paid
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional
Special Listing Condition Standard