4156 Dwight Ave, Riverside, CA 92507

Property Description

Charming duplex located near downtown and UCR for sale! There are two separate units with a common wall. Each unit offers 1 bedroom, 1 bathroom, a living room, and a kitchen (stove stays). Each unit also has an attached laundry room, large enough for a tenant-supplied washer and dryer, accessible from outside the unit. Both units include a wall furnace in the living room and two a/c wall units - one is located in the bedroom and one in the living room. The electricity and gas is separately metered, the water is on one meter. The front unit’s address is 4156, and is 506 square feet, and offers convenient street parking. The back unit’s address is 4158, and is 570 square feet, and boasts a chan link gated pull through fence along the back, with a private concrete pad which is space for two cars. The parking space is accessible from the alley behind the unit. The duplex’s yard is enclosed by a chain link fence and each unit has their own gated, fenced yard. The front yard is equipped with automatic sprinklers for easy maintenance. The seller is selling this property with tenants in place, providing immediate rental income! The front unit, 4156, was rehabbed 2 years ago with new laminate flooring through out, bottom cabinets in the kitchen,stove, new wall furnace, window coverings, new tile, repairs to subfloors in the kitchen, new bathroom vanity and more! Both tenants are on a month-to-month lease. The front tenant (4156) pays $1,575, and the back tenant (4158) pays $1,625 with a rent increase in April to $1650.00. Both units are managed by a property management company. This company has the tenant’s security deposits. Seller pays for repairs/maintenance, lawn maintenance, $140 a month, pest control (bugs), $98 every other month and water, which is about $65.00 a month. Please do not disturb tenants! Drive by only. Make offer subject to interior inspection. Tenants do not know the property is for sale. NO SIGN ON THE PROPERTY. Buyer to verify square feet, permits, etc.