1480 7th Street, Riverside, CA 92507
- $5,595,000
- List Price
- $5,595,000
- Price Change
- ▼ $400,000 1773357285
- Status
- ACTIVE
- MLS#
- OC26008212
- Year Built
- 1971
- Lot Size
- 35,719
- Acres
- 0.82
- Lot Location
- 21-25 Units/Acre
- Days on Market
- 195
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
$400,000 Price Reduction. Built in 1977, The Normandy Apartments consist of approximately 22,798 of rentable square feet and is in good condition since the current ownership has made several recent signi?cant renovations to the interiors & exteriors. The balanced unit mix consists of 3 bedroom, 2 bedroom, and 1 bedroom units. The property is situated on approximately 0.82 acres of land that include tuck under parking, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms & sparkling pool. Select units have been tastefully remodeled with new ?ooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the “heavy lifting” is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity and 10% realistic rental upside.
Additional Information
- Pool Description
- Community
- Heat
- None
- Garage Spaces Total
- 25
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 25
- Gross Scheduled Income
- $554,772
- Operating Expense
- 208296
Listing courtesy of Listing Agent: Jonathan Mitchell (jon.mitchell@kidder.com) from Listing Office: Kidder Mathews of California, Inc.
Mortgage Calculator
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