Welcome back to another Multi Family Monday. This week Riverside county has brought us 7 new bank owned apartment listings for sale and 1 of them sold within the first week of being listed. That one is located in Lake Elsinore CA and was listed at a mere $54,500 for a duplex.

Kimball Ave Hemet Ca Bank Owned Multi Family Apartment

This week’s Multifamily properties ranged from $54,500 up to $139,900. There are 1 in Lake Elsinore, 2 in Riverside and 4 in city of Hemet.

The pick of the week is a fourplex on the top of value range however is the best value considering the potential and the amazing value per unit. Listed at $139,900 that brings the per unit cost down to only $34,975. The property location is great as well being only a 10 minute drive from Mount San Jacinto College.

Even though these units are only 1 bedroom 1 bathroom each, if they were rented out to Section 8 tenants they would still bring in $860 each unit giving a total gross monthly rental income of $3,440. At that income potential the entire building would be paid off in less than 4 years once it was fully leased.

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If you would like to receive the list of these available apartments for sale or any other properties in Southern California just send me an email with the details you are looking for and it would be my pleasure to get them to you.

Until next time!

God Bless -

Tim Taggett

Serving with Honesty and Integrity!
Building Dreams Through Real Estate!
Temecula: 951-240-5645
Email: RetireEarly@live.com

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