We are pleased to present this exceptional opportunity to acquire a low-maintenance, income-producing duplex featuring (2) spacious 2-Bed/2-Bath single-story units—ideal for both seasoned investors and first time buyers. Built in the 1980s, this property benefits from modern construction standards and has been thoughtfully renovated inside and out. Each unit is… Read More equipped with its own private 2-car garage, plus ample on-site parking—a rare find that enhances tenant satisfaction and retention. Interiors have been extensively upgraded, including new flooring, dual-pane windows, fully remodeled kitchens and bathrooms, offering a turnkey asset with zero deferred maintenance. The property is individually metered for gas and electricity, reducing owner operating costs, while the xeriscape landscaping ensures minimal upkeep. Strong financials with a GRM of 10.17 and a current Cap Rate of 6.69% make this a compelling investment from day one. One of, if not the only, duplex on the market with positive cash-flow. Don’t miss this rare chance to own a stabilized asset with upside potential in a sought-after rental market. This property is part of a 13 unit portfolio for sale in Hemet (additional Tri-Plex see MLS#CV25148426 and 8 units property see MLS#CV25151759) Read Less
Property listed by RE/MAX 2000 REALTY, Kristopher German 909-645-0443
Listing Snapshot
Days Online
36
Last Updated
Property Type
Duplex
Lot Size
0.21 Acres
Year Built
1984
MLS Number
CV25148384
30 Days Snapshot Of 92543
$419k
+4%
(avg) sold price
21
-36%
homes sold
89
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road surface type: Paved
Building
Built in 1984, Building area total: 2,258, Levels: One, 1 story, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore, Construction materials: CopperPlumbing
Community
Sidewalks
Cooling
CentralAir
Expenses
Insurance expense: $1,950, Maintenance expense: $2,502, New taxes expense: $6,067, Operating expense: $14,358, Trash expense: $621, Water sewer expense: $2,917
Fence
Wood
Fireplaces
None
Garage
2 spaces
Heating
Central
Income
Gross income: $51,600, Net operating income: $35,693
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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