850 Prescott Way
Riverside, CA 92507
Single Story Building | Walking Distance UCR · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Building Size | 3,100 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1966/2018 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | R3, Riverside | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,100 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1966/2018 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | R3, Riverside |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Garden
- Patio
Site Amenities
- Walking/Biking Trails
About 850 PRESCOTT WAY , RIVERSIDE, CA 92507
We are pleased to present a four-unit multifamily investment located in the University submarket of Riverside, California. This offering presents the opportunity for investors to acquire a well-maintained building in one of the most desirable submarkets in the Inland Empire. The subject property consists of one hundred percent, 2BR/1BA units with over 750 square feet per unit. Amenities include garages, enclosed patios, on-site laundry, and privacy provided to tenants. 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 terms currently available, upside potential, and the high demand for this submarket area, 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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $987.50 | 768 |
Property Taxes
| Parcel Number | 251-060-009 | Improvements Assessment | $627,810 |
| Land Assessment | $216,485 | Total Assessment | $844,295 |
Property Taxes
