1279 Williams Street, Banning, CA 92220
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- MLS#: IV24249911 ( Apartment )
- Street Address: 1279 Williams Street
- Viewed: 1
- Price: $1,999,900
- Price sqft: $0
- Waterfront: No
- Year Built: 1947
- Bldg sqft: 0
- Days On Market: 5
- Additional Information
- County: RIVERSIDE
- City: Banning
- Zipcode: 92220
- Subdivision: Solera (slra)
- Provided by: RE/MAX TIME REALTY
- Contact: ROBERT ROBERT
- DMCA Notice
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DescriptionIncredible Investment Opportunity 1279 Williams St., Banning, CA Attention seasoned investors! 1279 Williams St. presents a rare opportunity to acquire a high performing, cash flowing asset in the heart of Banning, CA. This recently remodeled 5 unit property offers a diverse unit mix to attract a range of tenants, ensuring steady occupancy and strong rental income. The units range in size from a spacious 4 bedroom, 2 bathroom layout to a cozy 1 bedroom, 1 bathroom setup, appealing to families and individuals alike. The property generates an impressive gross rent of $11,700 per month, making it a turnkey investment with significant upside potential. With all major renovations completed, theres no need for additional upfront expensessimply step in and start collecting rent immediately. Each unit has been modernized, reducing maintenance costs and ensuring tenant satisfaction. To make this deal even more enticing, the seller is open to carrying a note at a competitive interest rate or exploring creative financing solutions tailored to your needs. These options make it easier than ever to maximize your ROI and secure this incredible property. Strategically located in Riverside County, a region known for its growing demand for rental housing, 1279 Williams St. offers investors the ideal combination of low vacancy rates and high cash flow potential. Whether youre looking to expand your portfolio or secure a stable income generating asset, this property is truly a no brainer. Seize this opportunity to own a fully remodeled, cash flowing gem that pencils out from day one. Contact us today for more details or to schedule a private tour!
Property Location and Similar Properties
Features
Building Area Total
- 4580.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Days On Market
- 89
Electric Expense
- 0.00
Entry Location
- 1st floor
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Heating
- None
Insurance Expense
- 4000.00
Laundry Features
- Inside
Levels
- One
Lot Features
- 6-10 Units/Acre
Netoperatingincome
- 139800.00
Parcel Number
- 540103020
Pool Features
- None
Postalcodeplus4
- 4475
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 428752819:CRM
Subdivision Name Other
- Solera (SLRA)
Taxblock
- 277
Totalexpenses
- 600.00
Trash Expense
- 0.00
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1947
Year Built Source
- Assessor
Zoning
- R3