Exceptional investment opportunity in the heart of Idyllwild-this unique offering consists of four parcels totaling over 1.5 acres, featuring 14 fully occupied rental units that range from efficient studios up to spacious four-bedroom homes. The rear of the property borders the tranquil creek, providing select units with peaceful water views and a serene natural backdrop. Tenants pay their own utilities, and there is ample parking for residents and guests alike. The property is on town sewer and ideally located within walking distance to all local amenities, while generous open space offers potential for additional units. With a consistent occupancy history and strong income stream, this in-town, creekside property is a proven money maker and a rare chance to own a high-performing rental portfolio in one of Idyllwild's most desirable locations. cap rate of 7.19
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.
Perfect investment triplex Each unit has its own Edison meter, and owner only pays water every other month about $ 100.00 tenant pay all other utilities. Easy to rent unit and in good condition. Fully occupied for you to start earning returns on your investment. All long-term good???????????????????????????????????????? tenants.
Here is two homes on a corner lot. 1st home is a 1 bedroom 1 bath with wood stove, propane heat, remodeled in 2017 with knotty pine ceilings and recess lighting. Private fenced yard and ample parking. The second unit is a studio unit with a full bath and a new kitchen in 2017. Cute and always full making $$ for the investor. Maintained street and ample parking. Tenants pay their own metered Edison electric, and each unit has its own Propane tank. Each tenant reimburses 1/2 of the water base with rent. Large lot, possibly add another unit in the rear.
Endless investment potential awaits in the heart of Idyllwild with this rare 4-plex opportunity. Featuring four individual Modified A-Frame Cabins each 2-bedroom, 1-bath -all connected to sewer-this property is perfectly situated just steps from scenic trails leading to the Nature Center and peaceful walks along Strawberry Creek. Each cabin boasts vaulted ceilings, large picture windows that fill the space with natural light, private laundry hookups, and ample parking for residents and guests. Flexible living and rental options make this property truly versatile: live in one cabin and rent out the others, maximize income with long-term tenants, or explore lucrative short-term rental possibilities. 3 units are currently on month-to-month leases with one rented still on lease. , Current rents well below market value, offering immediate upside for savvy investors. Whether you're looking for a multi-generational retreat, a steady investment, or a blend of personal use and rental income, this unique mountain property delivers unmatched versatility in a highly sought-after Idyllwild location. Don't miss your chance to own a property with endless possibilities!
Idyllwild is located in California.
