123-145 N Inez St - Apartments FOR SALE


Hemet, CA 92543- Downtown Hemet
$3,219,944 USD
626-695-6776
123-145 N Inez St, Hemet, CA for Sale
$3,219,944 USD
Apartments - FOR SALE
1/10
null | 5.47% Cap Rate

123-145 N Inez St
Hemet, CA 92543
Downtown Hemet


HIGHLIGHTS

  • $114,998 Price Per Unit
  • Single-Story Cottage-Style Units & Duplexes
  • Mix of Studios, One-Bedroom & Two-Bedroom Floor Plans
  • New Vinyl Flooring, New Windows, New Cabinetry (Select Units)
  • Private Front/Back Patios (Select Units)
  • Population In Excess of 172,000 Within a Five-Mile Radius

OVERVIEW

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 123 North Inez Street, a 28-unit multifamily investment property in the city of Hemet, California. The offering consists of multiple duplexes and cottage-style single-story units that were constructed between 1920 to 1968. The buildings sit on a single parcel of 0.91 acres (39,640 square feet) with approximately 200 feet of frontage on North Inez Street (east) and 100 feet of frontage on North Alessandro Street (west). The offering includes six studio/1-bathroom floor plans, twenty one-bedroom/one-bathroom floor plans, and two two-bedroom/one-bathroom floor plans. The buildings offer pitched roofs and were renovated with freshly painted exteriors. Selected units offer new vinyl flooring, new kitchen and bathroom cabinetry, new windows, and a private front/back patio. Each unit is equipped with a wall-unit air conditioning. The majority of units (22) are master metered for utilities. Six units are individually metered for gas, electricity and have individual hot water heaters. For parking, there are approximately twelve open parking spaces and other tandem parking spaces.

FOR SALE DETAILS

PRICE

$3,219,944 USD

PRICE/SF

$217 USD /SF

# OF UNITS

28

PRICE/UNIT

$114,998

CAP RATE

5.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

R3

APN/PARCEL ID

443-223-008

ASK ABOUT THIS PROPERTY

Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

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Douglas McCauleyMarcus & MillichapMore Info
626-695-6776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.