3311 Lime, Riverside, CA 92501

Property Description

FOUR UNITS in great Riverside location that is turnkey. One of Four units is vacant, which allows for Owner Occupant buyers. Let them pay your mortgage. 4 electric meters, 4 gas meters, 1 water meter. 4 driveway parking spaces on Lime. Downstairs 1 bedroom 697 sqft. 3309 Lime St. has its own water heater and modern HVAC for heat and AC. Front covered patio and fenced front yard. Downstairs 2 bedroom 786 sqft. 3311 Lime St. has its own water heater and modern HVAC for heat and AC. Laundry hookups and its own private fenced backyard. Upstairs 1 Bedroom 292 sqft. 3424 3rd St. A has its own water heater and wall heater and window AC. Possible second child’s bedroom. Shared fenced back yard Upstairs 2 bedroom 370 sqft. 3424 3rd St. B has its own water heater and wall heater and window AC. Large living room and a balcony. Shared fenced back yard Basement is large and very clean with access from the back yard. There has been extensive retrofitting for earthquake that has been permitted. Each unit has its own water shut off. Upstairs units have a shared laundry connection at the bottom of the stairs. Newer comp shingle roof (2010), retrofit basement (2009) windows, gutters, paint, plumbing water and drains (2009), New electrical (2009), fumigation (2022) and more. This is a must see, you will not be disappointed. Don’t miss the opportunity. Tenants are underpaying due to the kindness of the current owner. You have the potential to get these rents up to market value and make a nice monthly profit with low overhead due to the tenants paying for their own gas, electricity, and trash. 3 units are occupied. View the vacant unit and make your offer subject to inspection of the 3 occupied units.