2029 Patterson Street Active Save Request In-Person Tour Request Virtual Tour
Riverside,CA 92507
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,961 sqft
Price per Sqft $411
MLS Listing ID CRDW24239040
Bedrooms 7
HOA Y/N No
Year Built 2024
Lot Size 0.300 Acres
Acres 0.3
Property Description
Whether you're an investor or a buyer seeking a multi-unit property to live in while generating rental income, this is an opportunity you won’t want to miss. The potential for house hacking is enormous—live in one of the units while collecting rents from the others, or enjoy the steady, reliable income stream as an investor. Not only can you build an additional 3 units on the property, the property also generates a strong net operating income (NOI) of $88,371 annually, making it a high-yield investment with exceptional growth potential in a booming area. With a cap rate of **7.1%**, this property represents a highly attractive opportunity for anyone looking to capitalize on Riverside's growing real estate market. This exceptional triplex is a rare gem in Riverside, offering a prime opportunity for both savvy investors and buyers looking to house hack. Situated just minutes away from the 91 and 215 freeways, as well as the vibrant Downtown Riverside area, this property offers unrivaled access to major commuter routes and city amenities. Riverside City College, the University of California Riverside (UCR), California Baptist University, shopping, dining, and entertainment options are a few minutes away, this location is truly at the heart of it all. The property features three
Location
State CA
County Riverside
Area Listing
Zoning R3
Interior
Heating Central
Fireplace No
Laundry Laundry Room,Inside
Exterior
Exterior Feature Other
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 211111050