8 units townhouse-style apartment in Corona submarket (Riverside address)! Located in a quiet residential area by the intersection of Mckinley Street and Magnolia Avenue, minutes walk to Villegas Middle School, University of Riverside, La Sierra University, Walmart Supercenter, Costco Wholesale, and 99 Rancho Market. This investment offers an impressive cap rate of 4.49% current / 5.86% Pro-forma, with approx. 20% upside in rental income. Property sold 'As-Is' in its present condition, Seller will not pay or make any repairs/replacements. Drive-by only, please do not disturb tenants.
3761 Harvill Lane has a total building size of 7,620 SF, sitting on a 10,176 SF lot. The property offers an excellent unit mix of (2) 3 Bed / 3 Bath (townhouse-style), (2) 2 Bed / 1 Bath (townhouse-style), and (4) 1 Bed / 1 Bath. The units are spacious, with estimated 1,270 SF 3-bedroom, 1,020 SF 2-bedroom, 760 SF 1-bedroom units. The townhouse-style units have outdoor patios. There is a total of 14 parking spaces, consists of 10 garages and 4 open spaces. Features include granite countertops, new piping throughout, new exterior paint and woodworking. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.