Property Listing No Longer Available for Sale

9245 Mission Blvd, Riverside, CA

Others for Sale - $1,299,000

Property Info

  9245 Mission Blvd
  Riverside CA 92509
UpdatedJune 5th, 2016

Property Description

Value Add opportunity! fifteen units comprised of 9x 1/1B, 1x 2/1B and five studios. Current ownership has put in over $250, 000 in renovations since 2013! The property is situated at a hard corner and is over 1. 48 acres! Zoned commercial with many uses for the back lot. Property still has a great value add component. You can add up to 25% of the building sqft approximately additional 2, 025 sq. feet and can separately meter the units for electricity and gas. The saving in the utilities and the additional increase in rents will create a Proforma CAP of approximately 8%. Wonderful opportunity in a growing area of County. Only mins from the 60 and 215 freeway and located on the main thoroughfare through the City. Minimal inventory available in the area making this a wonderful opportunity. buyer to verify all info Mission and Bellegrave. Mins from the 60 and 215 freeway. County: IDX Property Type: Residential Income. Property Type: Residential Income. Yr constructed: 1959. Accessibility Features: Parking.<br />

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