Moreno Valley, CA 92553,13915 Frederick ST

$1,000,000

Est. payment /mo

$1,029,000

2.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

13915 Frederick ST Moreno Valley, CA 92553

0.33 Acres Lot

SOLD DATE : 11/18/2014

Key Details

Sold Price $1,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID WS14154947

Sold Date 11/18/14

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1970

Tax Year 2013

Lot Size 0.330 Acres

Property Description

PRICE REDUCED! CAP RATE NOW OVER 8%!

Fantastic 13 Unit Garden Apartment Building with very strong Cap Rate now available! Located literally 100 feet from Moreno Valley City Hall and Police Department, this recently remodeled Apartment Building offers safety and SECURITY in a PRIME location of Moreno Valley. Located two blocks away from the 215 Fwy and along the busy street of Alessandro, this Apartment Building has consistently been in high rental demand. Easy to Rent with EACH UNIT having it's own ASSIGNED Parking Space(s)! Building also has a Laundry Room that brings in additional income per month!

Recently remodeled features include: New Tile Floors, Paint, and Iron Security Gte! Units have been rented below market! Nearby rental units at the same price are in a worse community and drastically less safe. Very close to UC Riverside! Extra Income from Laundry Room as well.

Expenses are calculated from July 2013 to 2014.

Please do NOT disturb the Tenants. Showings to be made available by Appointment ONLY. Buyer to Verify All Information. Tenants pay Electricity and Gas.

Location

State CA

County Riverside

Area 259 - Moreno Valley

Interior

Interior Features Built-in Features, Ceiling Fan(s), High Ceilings, Tile Counters

Heating Wall Furnace

Cooling Central Air

Flooring Stone, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Gas Range

Laundry Common Area

Exterior

Exterior Feature Lighting, Rain Gutters, TV Antenna

Parking Features Assigned

Carport Spaces 5

Pool None

Community Features Foothills, Near National Forest, Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Sewer Connected, See Remarks, Water Available

View Y/N Yes

View Golf Course

Roof Type Composition

Accessibility Parking

Total Parking Spaces 13

Private Pool No

Building

Lot Description 11-15 Units/Acre

Foundation Block

Sewer Sewer Assessment(s)

Water Public

Architectural Style Traditional

Construction Status Updated/Remodeled

Others

Tax ID 291294029

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Window Bars

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Financing Cash

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by BING WU • LOU EDWARDS FINANCIAL INC.
Bought with General NONMEMBER • CRMLS

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.