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333 N Murray St
Banning, CA 92220
6 Units - Seller Financing - 14%+ ROI · Multifamily Property For Sale
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6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 3,371 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 2.37/1,000 SF |
| Zoning | R3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 3,371 SF |
| No. Stories | 1 |
| Year Built | 1930 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
ABOUT 333 N MURRAY ST , BANNING, CA 92220
We are pleased to present 333 N. Murray Street in the city of Banning. A total of 6 single-story units that are situated on a 12,000+ Sq. Ft. lot. The asset is located just North of Banning City Hall and is in proximity to local shopping/restaurants, transportation, and schools. The property is comprised of two single-family residences and a quadplex located in the rear. The tenants enjoy plenty of onsite and curbed parking all while experiencing privacy on a quiet street. The city of Banning is a developing area with major constructions plans on the horizon. Pardee Homes has been approved for a nearly 5,000 home master-planned community at the northwest edge. Seller is offering private financing with terms as follows: 30% down payment, 4.5% interest only payments, 3 year term. With these terms in place, a new investor can enjoy an 8.31% Cash-on-Cash return upon close of escrow, with an upside potential of 14.17% Cash-on-Cash!!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $950.00 | - |
| 1+1 | 2 | $912.50 | - |
| Studios | 3 | $700.00 | - |
PROPERTY TAXES
| Parcel Number | 541-101-007 | Improvements Assessment | $918,000 |
| Land Assessment | $153,000 | Total Assessment | $1,071,000 |
PROPERTY TAXES
