Welcome back to another Multi Family Monday!

This week (surprisingly) has been a very slow market when talking about bank owned apartment buildings that have come available for sale.

Only had 3 multifamily units come on, which is good for you as the reader because we can spend a little bit of time on each one, instead of just doing the broad numbers and the pick of the week.

Going to review them based on price from lowest to highest.

Hemet Bank Owned Triplex For Sale

Starting off the list at only $89,100 is a triplex (3 unit apartment) in Hemet on N Hamilton Ave. This building was built in 1964 and has 3 units each one of them being a 2 bedroom 1 bath. As stated in previous postings each unit should rent to Section 8 for around $900 giving you a monthly gross income of $2700 with all units rented.

Riverside Bank Owned Duplex For Sale

Next up is a duplex in the City of Riverside. This property actually is 2 separate buildings and someone can get both of them for around $176,000 (maybe even lower with good negotiating skills). After looking in to this one a little deeper I found out this may not be fully permitted 2nd unit because the main house is a 2 bedroom 1 bath whereas the back building is a 1 bedroom ¾ bath and according the counties’ tax records does not show the back building at all. Would need further research to tell the true value or lack thereof.

Murrieta Bank Owned Fourplex

This last and final property is my personal favorite because of the location (a very rare find in today’s market) , bank owned Murrieta 4plex apartment building! Even though per door a person would be looking at paying upwards of $81,000 this is no doubt about it the deal of the WEEK! Murrieta fourplex each unit having 2 bedrooms and 1.5 baths at only $324,000 is an awesome deal for sure!

As always if you have not signed up for delivery of these posting via email I would suggest you do so by simply putting your email address in the box and then you will get the updates without the need of coming back to the site every week.

If you are looking for something more specific please either give me a call or send an email and it would be my honor to have the privilege to help you.

Until Next Time!

God Bless -

Tim Taggett
Serving with Honesty and Integrity!
Building Dreams Through Real Estate!
Temecula: (951) 240-5645
San Diego: (760) 481-3152
“All hard work brings a profit, but mere talk leads only to poverty.” - Proverbs 14:23

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