1480 7th Street, Riverside, CA 92507
List Price: $5.59M
Listing Status: Active
Original List Price: $6M
0Days on Market: 113
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1971
Lot Size: 35,719 sq ft
Garage Spaces: 25
Private Pool: Yes
MLS Number: OC26008212
About This Property
$400,000 Price Reduction. Built in 1977, The Normandy Apartments consist of approximately 22,798 of rentable square feet and is in good condition since the current ownership has made several recent signi?cant renovations to the interiors & exteriors. The balanced unit mix consists of 3 bedroom, 2 bedroom, and 1 bedroom units. The property is situated on approximately 0.82 acres of land that include tuck under parking, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms & sparkling pool. Select units have been tastefully remodeled with new ?ooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the “heavy lifting” is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity and 10% realistic rental upside.
Listing provided by: Jonathan Mitchell DRE #01227852 949-557-5000 jon.mitchell@kidder.com, Kidder Mathews of California, Inc
Source: CRMLS, MLS #: OC26008212
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.