1279 W Williams ST Banning, CA 92220
4,580 SqFt
UPDATED:
12/19/2024 12:14 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Hold
Purchase Type For Sale
Square Footage 4,580 sqft
Price per Sqft $436
Subdivision Solera (Slra)
MLS Listing ID IV24249911
HOA Y/N No
Year Built 1947
Lot Size 0.770 Acres
Acres 0.77
Property Description
Attention seasoned investors! 1279 Williams St. presents a rare opportunity to acquire a high-performing, cash-flowing asset in the heart of Banning, CA. This recently remodeled 5-unit property offers a diverse unit mix to attract a range of tenants, ensuring steady occupancy and strong rental income. The units range in size from a spacious 4-bedroom, 2-bathroom layout to a cozy 1-bedroom, 1-bathroom setup, appealing to families and individuals alike.
The property generates an impressive gross rent of $11,700 per month, making it a turnkey investment with significant upside potential. With all major renovations completed, there's no need for additional upfront expenses—simply step in and start collecting rent immediately. Each unit has been modernized, reducing maintenance costs and ensuring tenant satisfaction.
To make this deal even more enticing, the seller is open to carrying a note at a competitive interest rate or exploring creative financing solutions tailored to your needs. These options make it easier than ever to maximize your ROI and secure this incredible property.
Strategically located in Riverside County, a region known for its growing demand for rental housing, 1279 Williams St. offers investors the ideal combination of low vacancy rates and high cash flow potential. Whether you're looking to expand your portfolio or secure a stable income-generating asset, this property is truly a no-brainer.
Seize this opportunity to own a fully remodeled, cash-flowing gem that pencils out from day one. Contact us today for more details or to schedule a private tour!
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Zoning R3
Interior
Heating None
Cooling Central Air
Laundry Inside
Exterior
Pool None
Community Features Mountainous
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Confidential INFO
TERMS Owner Will Carry,Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE None
SHOW INSTRUCTIONS Please use showingtime with 48 hour notice provided.
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