11411 Cherry Avenue
Cherry Valley, CA 92223
1.86 acres | #IV24249923
Description
Incredible 7-Unit Investment Opportunity – 11411 Cherry Ave., Banning, CA
Attention seasoned investors! Don’t miss this rare chance to acquire a cash-flowing, turn-key 7-unit property in the growing city of Banning. Located in the heart of Riverside County, this property offers a mix of spacious units catering to a diverse tenant base:
1 unit with 4 bedrooms and 2 bathrooms
6 units ranging from 3 bedrooms and 1 bathroom to 2 bedrooms and 1 bathroom
With a monthly gross rent of $18,700, this property is a high-yield investment designed for immediate returns. The units have been recently remodeled, eliminating the need for any upfront renovation expenses. This ensures a smooth transition for the new owner with minimal effort required to maintain its current profitability.
For investors looking to structure a competitive deal, the seller is offering flexible financing options, including carrying a note at a competitive rate. These terms provide ample opportunities to make the numbers work and maximize returns on investment.
Banning’s growing economy and proximity to major highways, retail, and amenities make this property highly attractive to tenants. With Riverside County’s strong rental demand, this property is poised to remain a steady income-generator for years to come.
Whether you’re expanding your portfolio or looking for a secure investment with immediate cash flow, 11411 Cherry Ave. is a no-brainer. A fully remodeled, high-income property with built-in financing options is a rare find. Act now to secure this incredible opportunity!
Property Details
- Lot DescriptionSixteenToTwentyUnitsAcre
- SubdivisionSolera (SLRA)
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$2,888,888
- MLS #IV24249923
- MLS #IV24249923
- CountyRiverside
- Property SubtypeMixedUse
- Cost2888888
- Utility SourcePublic
- Acres1.86
- Year Built1961
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: ROBERT WATKINS (#IWATKROB)
Listing Office: RE/MAX TIME REALTY (#IRMTR)
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