As previously done with Friday Finds, thought it would better to divide up the days and posts by making a separate series for Multiple Units (Multi Family), residential apartment buildings for sale in the Riverside County area of California.

Of course since I love Temecula so much it would be awesome to find a million Multiple Unit properties in the city however that is not the case as many people that live in the area already know. Temeucla is not a major city for small apartment buildings such as some of the surrounding areas however when one does show up, you will know right here!

So getting on to Riverside County and what has happened over the past 7 days in the Bank Owned Multi Family Market. Keep in mind this particular posting is specifically dealing with 2-4 unit apartments throughout the county and no specific city will be selected over favoritism unless it is just an amazing property!

Will provide a basic breakdown of the properties that came on the market over the past 7 days and then will pick one as my preferred best buy. Disclaimer, the property will never be one of my own listings and be one that is Active on the market as of the time of writing these postings.

This week there were 8 new bank owned properties that came on the market. Majority of them are in Hemet (5 out of 8 to be exact) while there was still 2 from Morreno Valley and 1 in San Jacinto.

All but one are duplexes and the other is a fourplex, properties prices ranging from $74,800 up to $195,900. Due to them being bank owned they are not disclosing any current rents and the majority if not all of them are more than likely Vacant especially since they just came on the market this week.

My pick for an awesome deal is going to be 26283 Investors Place in Hemet, mainly because unlike the others available this one has a 3 bedroom for one of the units which will get the new investor/owner a little more rent for it and this property is actually the lowest priced at $74,800. (To clarify this is a Duplex)

After getting these units fixed up a little bit you could expect at least $900 per unit per month from a Section 8 Tenant which in turn would give you a return of more than 14% on this property. Just a few years ago people were begging to get a Cap Rate of 4.5% in Hemet!

If you would like more information about this or any other properties contact me either via email at RetireEarly@live.com or by phone at 951-240-5645.

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I look forward to helping you build your financial future through real estate!

God Bless,

Tim Taggett

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