3772 Auburn Ridge Dr, Perris, CA 92571

Property Description

This May Ranch home needs some TLC, with strong rental income, a staggering CAP and GRM, and built-in equity from Day One. Officially, this is a 4Bd home, but 3 bonus bedrooms have been added, making it a 7Bd property, perfect for student housing, multiple roommates or group or assisted living. Downstairs you'll find the three bonus rooms plus a spacious family room with fireplace and a granite kitchen with pantry. The laundry room leads to the 3-car garage, which also features a workshop or storage area. Upstairs, you'll find a master suite plus three bedrooms and a full guest bathroom. The landscaping is low maintenance, including artificial turf in the front and concrete decking in the back and on the side. This property also includes solar power equipment with a power-purchase agreement, which drastically reduced the current owner's monthly electricity costs. Their Aug-Sept power bill was just $320, despite running the AC at 76 degrees nonstop! This is an opportunity for a buyer who wants roommates, an investor who wants to buy and hold, or even someone who wants to purchase a home below market value and convert the bonus rooms back to common areas. Close to parks, schools, shopping, services and easy freeway access.