CA > Idyllwild
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
Idyllwild, CA 92549,26345 Hwy 243
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Katarina Luptowitz

Katarina Luptowitz

+1(760) 567-3436
$ 1,250,000
Est. payment | /mo

5 Beds

1 Bath

5,350 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

5 Beds

1 Bath

5,350 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,350 sqft

Price per Sqft $233

MLS Listing ID 219134063

Bedrooms 5

Full Baths 1

HOA Y/N No

Year Built 1961

Property Description

This mixed-use building presents a perfect investment opportunity with expansion potential already in place. The property features a commercial unit and five 1-bedroom, 1-bath apartments, all of which are consistently rented, ensuring steady income and minimal vacancy. Currently, the property generates $7,645 in monthly rent, with the potential to add $2,400 or more each month by finishing out the lower units. The building is on sewer and is located in a prime spot just off the highway, making it highly attractive for both residential and commercial tenants. Additionally, the vacant lot next door-also on sewer and available for sale-offers further possibilities for expansion or development. With its low-maintenance design and history of reliable occupancy, this property is an excellent choice for investors seeking both immediate cash flow and long-term growth. Consider purchasing the adjacent lot to maximize your investment and take advantage of this unique opportunity in a desirable town location.

Location

State CA

County Riverside

Area 222 - Idyllwild

Interior

Heating Heat Pump, Wall Furnace, Electric

Cooling Air Conditioning, Ceiling Fan(s)

Fireplace false

Exterior

View Y/N false

Private Pool No

Building

Story 2

Entry Level Two

Sewer In, Connected and Paid

Level or Stories Two

Others

Senior Community No

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Idyllwild Realty
Katarina Luptowitz

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 567-3436

katarina@craftbauer.com

435 N Palm Canyon Dr, Palm Springs, CA, 92262, USA

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26345 Hwy 243