3511 Chicago Ave - Apartments FOR SALE


Riverside, CA 92507
$3,795,000 USD
714-746-2842
3511 Chicago Ave, Riverside, CA for Sale
$3,795,000 USD
Apartments - FOR SALE
1/4
null | 5.65% Cap Rate

3511 Chicago Ave
Riverside, CA 92507


HIGHLIGHTS

  • Historical High Occpupancy
  • 31% Upside
  • Gated Community
  • Ease of Management

OVERVIEW

KW Commercial is excited to present the Sunshine Apartments located in the heart of Riverside California. The Sunshine offers spacious 1 bedroom 1 bath units, that average about 600 sq ft of living space. The Property is fully gated, has carports for every tenant and a park- garden like common area. The roof is newer- being replaced just in March. All staircases and walkway balconies have been replaced this year – so most of the heavy lifting is done! The Structure is sound and with just a little dress up could be the jewel of the street. Great location and Huge Upside potential. Priced right and would make a perfect fit for any portfolio. ASSUMABLE 3.2% Financing!!!

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

20

PRICE/UNIT

$189,750

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SUNSHINE APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R3, Riverside

APN/PARCEL ID

211-162-016

ASK ABOUT THIS PROPERTY

Joseph ChavezKW CommercialMore Info
714-746-2842

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Joseph ChavezKW CommercialMore Info
714-746-2842

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