9079 Colony Place, Riverside, CA 92503
- $1,350,000
- List Price
- $1,350,000
- Status
- ACTIVE
- MLS#
- IG26158195
- Year Built
- 1978
- Lot Size
- 9,148
- Acres
- 0.21
- Lot Location
- Landscaped
- Days on Market
- 7
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Excellent investment opportunity. This well-maintained fourplex offers a desirable unit mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing strong rental appeal and excellent income potential. Recent property improvements include a new roof and fresh exterior paint, enhancing both curb appeal and long-term value. The property features 4 separate electric meters, 4 separate gas meters, and 1 shared water meter, making utility management efficient. Additional income potential is provided by the community coin-operated laundry room, while 8 on-site parking spaces offer ample parking for residents. Conveniently located near shopping, dining, schools, parks, and major freeways, this income-producing property is situated in a highly desirable rental market. Whether you’re an experienced investor or looking to add a quality multifamily asset to your portfolio, 9079 Colony Place offers a combination of recent upgrades, desirable amenities, and strong long-term investment potential.
Additional Information
- Pool Description
- None
- Heat
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $84,072
- Operating Expense
- 11100
Listing courtesy of Listing Agent: Ruby Pineda (Ruby@Bluemonkeyrealty.com) from Listing Office: Blue Monkey Realty.
Mortgage Calculator
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