333 N Murray Street, Banning

$675,000

0 Beds
0 Baths
3,371 Sqft
0 Garages

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.

Essential Information
MLS® #CV19175415
Price$675,000
Square Footage3,371
Acres0.28
Year Built1930
TypeResidential Income
StatusActive
Community Information
Address333 N Murray Street
CityBanning
CountyRiverside
StateCA
Zip Code92220
Area

Banning/Beaumont/Cherry Valley (263)

Amenities
Parking Spaces8
Interior
AppliancesNone
Lot Description

6-10 Units/Acre, Lot 10000-19999 Sqft

Additional Information
Date ListedJuly 23rd, 2019
Days on Market120
ZoningR3
Listing Details
AgentKristopher German(01800021)
OfficeRE/MAX 2000
Property History
Price Reduced from $695,000 to $675,000
LISTING MAP

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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.

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