15333 Sheila Street

    Moreno Valley, CA 92551
    • $635,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: PW18130564
    UPDATED: 13 min ago
    $635,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,200
      SQFT
    • $198
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Turnkey property with Tenants and Management in place. Tenants are all Veterans. Seller operates a Housing Assistance program for Veterans and will lease back the building at $4800/month, and provide some property management, thus creating a high-rent and almost worry-free investment property. Sellers have been operating at this facility since 2011 and anticipate operating into the foreseeable future as there is a big shortage of housing for low income veterans. Secure building with Clean interiors and Exteriors. Smoke detectors are hard wired and tied into strobe light and alarms on property as an additional safety feature. Newer windows and some interior upgrades.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T08:26:38.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84238483

    15333 Sheila Street Moreno Valley, CA 92551

    • Price: $635,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: PW18130564
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,200
    SQFT
    $198
    $/SQFT
    1965
    Built
    Neighborhood:
    259 - Moreno Valley
    County:
    Riverside
    Area:
    259 - Moreno Valley
    Property Description
    Turnkey property with Tenants and Management in place. Tenants are all Veterans. Seller operates a Housing Assistance program for Veterans and will lease back the building at $4800/month, and provide some property management, thus creating a high-rent and almost worry-free investment property. Sellers have been operating at this facility since 2011 and anticipate operating into the foreseeable future as there is a big shortage of housing for low income veterans. Secure building with Clean interiors and Exteriors. Smoke detectors are hard wired and tied into strobe light and alarms on property as an additional safety feature. Newer windows and some interior upgrades.
    Exterior Features

    Garage Spaces 4.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.00 Community Features CurbsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 57600.00 Gross Multiplier 11.00 Gross Operating Income 55872.00 Gross Scheduled Income 57600.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Licenses Expense 350.00 Maintenance Expense 500.00 Net Operating Income 38592.00 New Taxes Expense 6985.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 17915.00 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Total Actual Rent 4800.00 Total Expenses 17915.00 Trash Expense 1500.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 3480.00 Water Source Public Zoning R3

    Listing provided courtesy of Richard Bell of Bell Realty Group.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T08:26:38.663. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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