We are pleased to present 333 N. Murray Street in the city of Banning. A total of 6 single-story units that are situated on a 12,000+ Sq. Ft. lot. The asset is located just North of Banning City Hall and is in proximity to local shopping/restaurants, transportation, and schools. The property is comprised of two single-family residences and a quadplex located in the rear. The tenants enjoy plenty of onsite and curbed parking all while experiencing privacy on a quiet street. The city of Banning is a developing area with major constructions plans on the horizon. Pardee Homes has been approved for a nearly 5,000 home master-planned community at the northwest edge. All in all, a new investor can take advantage of the future potential while enjoying an 8%+ cash-on-cash return once stabilized.
Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. 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.