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0 Fir AVE Moreno Valley, CA 92553
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Key Details
Sold Price $625,000
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CROC24234757
Sold Date 01/23/25
Originating Board California Regional MLS
Lot Size 0.780 Acres
Property Sub-Type Other Residential Land
Property Description
Full Marketing Package Available. This site has an approved project for an eleven (11) unit rental townhome project. Each unit is comprised of ±1,222 sf with 4 Beds, 2.5 Baths. With rental market inventory being so tight and very little new apartment projects being built, this property represents an exciting opportunity for an investor to produce for long-term cash flow and/or to sell when market cap rates are very low. Located only one block from the freeway which is ideal for tenants who commute either to the Coachella Valley (east) or Riverside/Orange County/Los Angeles (west). The immediate area has all the retail essentials, and within a short drive are the various Towngate shopping centers with Costco, Target, ALDI, 24 Hour Fitness & much more.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Zoning LWS,LY
Exterior
View None
Building
Lot Description Grade - Level
Water Other
Others
Tax ID 481171051
Special Listing Condition Not Applicable
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Bought with Jill Barnett