29
See all 29 photos
$1,250,000
Est. payment /mo
5 Beds
1 Bath
5,350 SqFt
New
26345 Hwy 243 Idyllwild, CA 92549
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,350 sqft
Price per Sqft $233
MLS Listing ID 219134063
Bedrooms 5
Full Baths 1
HOA Y/N No
Year Built 1961
Property Description
This mixed-use building presents a perfect investment opportunity with expansion potential already in place. The property features a commercial unit and five 1-bedroom, 1-bath apartments, all of which are consistently rented, ensuring steady income and minimal vacancy. Currently, the property generates $7,645 in monthly rent, with the potential to add $2,400 or more each month by finishing out the lower units. The building is on sewer and is located in a prime spot just off the highway, making it highly attractive for both residential and commercial tenants. Additionally, the vacant lot next door-also on sewer and available for sale-offers further possibilities for expansion or development. With its low-maintenance design and history of reliable occupancy, this property is an excellent choice for investors seeking both immediate cash flow and long-term growth. Consider purchasing the adjacent lot to maximize your investment and take advantage of this unique opportunity in a desirable town location.
Location
State CA
County Riverside
Area 222 - Idyllwild
Interior
Heating Heat Pump, Wall Furnace, Electric
Cooling Air Conditioning, Ceiling Fan(s)
Fireplace false
Exterior
View Y/N false
Private Pool No
Building
Story 2
Entry Level Two
Sewer In, Connected and Paid
Level or Stories Two
Others
Senior Community No
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Listed by Idyllwild Realty