A Fantastic Investment CASH COW property in downtown Riverside! The numbers are incredible, GREAT INCOME! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO) due to grandfathered clause as a SRO dwelling and has a newer roof less than 5 years old.GREAT MONEY MAKER. This property offers front house, a 2nd structure for storage and a 3rd larger rear unit that houses 9 studio Dorm (SRO) SINGLE RESIDENCE OCCUPANCY style bedrooms. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house has kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or Game room. Other bldg has 9 bunk/dorm (SRO)style bedrooms. All 9 rooms have a closet space. Dorm #9 is much larger at rear with separate entry. These SRO studios share a bathroom and separate shower room with laundry sink. All units are cable/phone ready. Current owner had all SRO units rented at $495 each and vacated them to clean up and paint for sale. Currently owner pays for all utilities except for the main house. New Security Camera system in place. Plenty of parking
