3681 3681 Cranford Ave Active

Riverside,CA 92507

$ 18100000

- Bed

- Bath

- SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24232711

Year Built 1965

Lot Size 2.210 Acres

Property Description

This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda.

University Gardens (88 units) is located in the robust rental market of Riverside, California. Built in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms, pools & rental office. Select units have been tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the ?heavy lifting? is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Laundry Common Area

Exterior

Parking Features Assigned,Carport

Pool Fenced,In Ground,Private

Community Features Curbs,Gutter(s),Sidewalks

Building

Lot Description 36-40 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan

Listing Terms Cash,Cash to Existing Loan,Cash to New Loan

Special Listing Condition Standard

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