We are delighted to present this improved 4-unit fourplex a rare blend of 3-bedroom and 2-bedroom townhouse units. This is an income producer. The larger units bring more income and long-term stable tenants. The well-maintained and gated complex includes additional income opportunities through rented garage space. Located near downtown Corona, this community benefits from surrounding growth and city enhancements. The community is comprised of four townhome units with communal spaces downstairs and bedrooms upstairs. The end units offer a third bedroom, contributing significantly to the income. The current owners have made extensive improvements, such as installing centralized HVAC, block-walled patios, and a private central courtyard. Each unit comes with over two years of years of prepaid insurance through Choice Home Warranty, covering most repair services for both owners and tenants. Additional amenities include ceiling fans, private patios, and entries opening to an attractive central greenbelt. The units are individually metered for electricity and gas, with the owner covering water and trash expenses. The property also generates extra income through garage rentals that are sold with the units. For potential investors, this property provides an opportunity to acquire a substantial income-producing asset in one of Riverside County's most desirable locations. The actual rental income is far higher than comparable units with additional room for upside.
NCREASED RENTS ON ALL Four Apartments, One Building, All units are the exact same floorplan which have: Two bedrooms upstairs with one full bath upstairs and one half bath off of dining room area. Large living room and dining area. Each unit is over 1,000 square feet. Enclosed patio for each apartment. Bedrooms upstairs. One full bathroom upstairs and one half bath downstairs. All upstairs units have window AC unit that belong to tenants. Bedroom areas have carpet. Some units downstairs have tile. Very spacious living. Kitchens have tile or laminate counters and each unit has its own gas stove and oven. Each unit has central heating. All living rooms have AC units as well. Roof is only 4 years old. Community Laundry rooms for all tenants to use with coin operated machines and locked laundry room for building tenants only. All tenants to remain in units as close of escrow. Two car garages with one parking space for each apartment. New garage doors on garages. Alley access. Very close to freeways, shopping and restaurants. Great investment. Long time tenants love the area and would love to stay. Wonderful location in stable living area close to alot of street parking for guest and tenants.
INCREASED RENTS: Four Apartments: Two Bedroom Two Story Units, Central Heating, Two bathrooms in each unit. Spacious living room, dining room and a private patio. Unit B and C remodeled within the last two years. New flooring and updated baths. Window AC units in living room are owned by landlord, upstairs are some AC units owned by tenants. Spacious kitchen and dining room/eating area with gas stove and oven. Kitchen has either laminate or tile counters. Bedrooms have carpet upstairs and either tile or carpet downstairs. Each unit is at least 1000 square feet. One car garage parking space per apartment shared with neighbor in two car garage space available off of alley. Some extra parking on property for all tenants. A lot of street parking for tenants as well. Community coin laundry available in locked laundry room for all tenants to use. Great tenants to remain in apartments at close of escrow. Roof on building is only 4 years old. Very close to freeways and shopping as well as restaurants. Great opportunity for investors. Long term tenants love the area. Building is located in a great area of the neighborhood with open areas surrounding building.
Corona is located in California. Corona, California has a population of 163,585. Corona is more family-centric than the surrounding county with 41.36% of the households containing married families with children. The county average for households married with children is 36.51%.
The median household income in Corona, California is $73,594. The median household income for the surrounding county is $60,807 compared to the national median of $57,652. The median age of people living in Corona is 34.7 years.
The average high temperature in July is 91.5 degrees, with an average low temperature in January of 44.3 degrees. The average rainfall is approximately 13.3 inches per year, with 0 inches of snow per year.
