9059 Colony Place, Riverside, CA

$1,350,000

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8

Beds

4

Baths

0.22

Acres

About 9059 Colony Place

Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.

Features of 9059 Colony Place

MLS® # AR25048685
Price $1,350,000
Bedrooms 8
Bathrooms 4.00
Acres 0.22
Type Residential Income
Sub-Type Res Income 2-4 Units
Status Closed

Community Information

Address 9059 Colony Place
Area RIV CTY-RIVERSIDE (92503)
City Riverside
County Riverside
State CA
Zip Code 92503

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Heating N/K
Cooling Central Forced Air
Fireplace Yes
Stories 2 Story

Exterior

Lot Description Cul-De-Sac,Sidewalks
Roof Composition
Construction Stucco

Additional Information

Date Listed March 25th, 2025
Days on Market 108
Zoning Estimated
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCOMPASS

Listing Map

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