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3613 Nye Avenue

Riverside, CA 92505
  • $4,950,000
  • STATUS: ACTIVE
  • ON SITE: 216 Days
  • ID#: IG21019691
UPDATED: 35 min ago
$4,950,000
  • 2
    BEDS
  • 1.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

This is a unique opportunity to own a high quality 16 unit condominium complex. All units already have their own Assessor Parcel Numbers and the seller is considering selling each unit separately. The complex was built in 2007 but due to the 2008 recession the units never sold and eventually were rented. The complex is operating as a higher end apartment complex, and each unit pays its own trash, sewer, water, electric and gas bills. Normally apartments pay many of these expenses, so the rents appear slightly lower than competing high quality newer apartments. Each unit has an attached two car garage, with laundry in the garage. The complex is gated on both sides and there is an attractive central grass area with kids playset and BBQ grills. This is a unique opportunity to own a high quality 16 unit condominium complex. All units already have their own Assessor Parcel Numbers and the seller is considering selling each unit separately. The complex was built in 2007 but due to the 2008 recession the units never sold and eventually were rented. The complex is operating as a higher end apartment complex, and each unit pays its own trash, sewer, water, electric and gas bills. Normally apartments pay many of these expenses, so the rents appear slightly lower than competing high quality newer apartments. Each unit has an attached two car garage, with laundry in the garage. The complex is gated on both sides and there is an attractive central grass area with kids playset and BBQ grills.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.welcometosandiegorealestate.com/homes/115135376
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3613 Nye Avenue Riverside, CA 92505

  • Price: $4,950,000
  • Status: ACTIVE
  • Updated: 35 min ago
  • ID#: IG21019691
2
Beds
0
Baths
0
½ Baths
1.84
Acres
Neighborhood:
Riv Cty-Riverside (92505)
County:
Riverside
Area:
Riv Cty-Riverside (92505)
Property Description
This is a unique opportunity to own a high quality 16 unit condominium complex. All units already have their own Assessor Parcel Numbers and the seller is considering selling each unit separately. The complex was built in 2007 but due to the 2008 recession the units never sold and eventually were rented. The complex is operating as a higher end apartment complex, and each unit pays its own trash, sewer, water, electric and gas bills. Normally apartments pay many of these expenses, so the rents appear slightly lower than competing high quality newer apartments. Each unit has an attached two car garage, with laundry in the garage. The complex is gated on both sides and there is an attractive central grass area with kids playset and BBQ grills. This is a unique opportunity to own a high quality 16 unit condominium complex. All units already have their own Assessor Parcel Numbers and the seller is considering selling each unit separately. The complex was built in 2007 but due to the 2008 recession the units never sold and eventually were rented. The complex is operating as a higher end apartment complex, and each unit pays its own trash, sewer, water, electric and gas bills. Normally apartments pay many of these expenses, so the rents appear slightly lower than competing high quality newer apartments. Each unit has an attached two car garage, with laundry in the garage. The complex is gated on both sides and there is an attractive central grass area with kids playset and BBQ grills.
Listing provided courtesy of Titan Real Est.& Investments. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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