119 N 8th ST Banning, CA 92220
3 Beds
2 Baths
1,530 SqFt
UPDATED:
12/18/2024 02:24 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,530 sqft
Price per Sqft $587
MLS Listing ID IV24249829
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1932
Lot Size 9,147 Sqft
Property Description
Attention seasoned investors! Discover an exceptional income-generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one.
The first home is a spacious 3-bedroom, 2-bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2-bedroom, 2-bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in California's competitive real estate market.
What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you won't need to spend any initial cash on upgrades or repairs?it's turnkey and ready to start earning from the moment you take ownership.
Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether you're seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your financial goals while reducing upfront costs.
Located in the heart of Riverside County, Banning is an ideal location for cash-flowing properties. The area's steady rental demand, coupled with its strategic position near major highways, makes this property an attractive asset for seasoned investors seeking reliable income. With no major capital expenditures required and strong rental income in place, this opportunity offers immediate and sustainable cash flow.
?Who says you can't cashflow in California?? This property proves that you absolutely can! Seize this chance to add a highly desirable asset to your portfolio and enjoy the benefits of effortless cash flow in one of Southern California's most promising markets.
Don't let this incredible opportunity pass you by. Contact us today to schedule a viewing and explore how this property can be tailored to meet your investment needs!
Location
State CA
County Riverside
Area 263 - Banning/Beaumont/Cherry Valley
Rooms
Main Level Bedrooms 2
Interior
Interior Features All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry See Remarks
Exterior
Pool None
Community Features Curbs
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Rectangular Lot
Dwelling Type House
Story 1
Entry Level One
Sewer Unknown
Water See Remarks
Level or Stories One
New Construction No
Schools
School District Banning Unified
Others
Senior Community No
Tax ID 540122024
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
