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1420 E Williams Street Banning, CA 92220
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Key Details
Sold Price $1,490,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22087408
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
Fantastic 10-unit apartment building located in the city of Banning. This property consists of two buildings on two lots, offering a great unit mix: (8) two bedroom and one bathroom units & (2) one bedroom and one bath units. The $200k extensive interior and exterior renovation was done over the last 24 months. Some of the upgrades include but are not limited to new kitchens, updated bathrooms, new flooring interior painting, and a resurfaced parking lot. All units are currently below market rents. Each of the units have been updated to varying degrees as tenants have moved out. There is currently a 39% upside on rents. Conveniently located near a major highway and the Morongo Hotel & Casino.
Location
State CA
County Riverside
Zoning Estimated
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with David Covarrubias MARCUS & MILLICHAP
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