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509 E Central Ave
Hemet, CA 92543
1990's Construction - 8% CAP Rate | 8.29 GRM · Multifamily Property For Sale
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8 Units
Investment Highlights
- Unheard of GRM 8.29 & 8.05% Cap Rate
- On-Site Garage and Open-Space Parking
- Gated & Secured Corner-Lot Location
- Comprised of (4)3-Bed/2-Bath & (4)2-Bed/2-Bath Townhome Units
- 1990's Construction with 7 Remodeled Units
- Separately Metered for Gas & Electricity
Property Facts
| No. Units | 8 | Building Size | 8,643 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1991 |
| Building Class | B | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | R3 - R3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 8,643 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1991 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | R3 - R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $2,153 | - |
| 2+2 | 4 | $2,123 | - |
Property Taxes
| Parcel Number | 446-091-031 | Improvements Assessment | $1,400,000 |
| Land Assessment | $350,000 | Total Assessment | $1,750,000 |
Property Taxes
Parcel Number
446-091-031
Land Assessment
$350,000
Improvements Assessment
$1,400,000
Total Assessment
$1,750,000
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