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.
For sale
Listing Provided by:
Ashley Stewart DRE #01466789 951-659-2125,
Idyllwild Realty
$1,250,000
26345 Highway 243, Idyllwild, CA 92549
--beds
--baths
--sqft
Est.:
Multi Family
Built in 1961
-- sqft lot
$1,217,600 Zestimate®
$--/sqft
$-- HOA
What's special
- 51 days |
- 99 |
- 0 |
- Loading
- Loading