We are pleased to exclusively present a four-unit multi-family investment located in the University submarket of Riverside, California. This offering presents the opportunity for investors to acquire a turn-key asset in one of the most desirable submarkets in the Inland Empire.
The subject property consists of one hundred percent, townhouse style 2BR/1.5BA units with over 1,000 square feet of living space. Amenities for each unit includes: fireplaces, detached garages, enclosed patios, on-site laundry, and a gated community pool available for tenants and guests alike. The Home Owners Association (HOA) within the community is responsible for trash, and the upkeep and maintenance of the pool and landscape of the common areas.
There is always an overwhelming demand for rentals in the area, as it caters to the student population as well as to families and working professionals alike.
With favorable financing terms currently available, upside potential, and the high demand for this submarket, the subject property presents investors a rare opportunity to acquire a multi-family asset in a prime location which can be converted to student housing at much higher rental rates in the near future.
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