9059 Colony Place

Riverside, CA 92503

$999,950

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1978

calendar_month Built

Open Houses

Next available: Saturday, April 5th, 2025 1:00 pm - 4:00 pm

Save to Open House Schedule

calendar_month Saturday, April 5th, 2025

1:00 pm - 4:00 pm • Save to Open House Schedule

calendar_month Sunday, April 6th, 2025

1:00 pm - 4:00 pm • Save to Open House Schedule

Property Description

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.

Listing Information

List Price $999,950
Status Active
MLS AR25048685
Type Residential Income
Subtype Quadruplex
Year Built 1978
Lot Size 9,583
Structure Size N/A
DOM 4
Courtesy Of COMPASS
Listing Agent Douglas Lee DRE#01463907

Interior Features

Laundry Information
Location(s) Common Area, See Remarks
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material See Remarks
Fireplace Information
Features None
Additional Information
Additional Features Unfurnished, All Bedrooms Down
Cooling Type
Cooling Type Central Air
Heating Type
Heating Type None

Exterior Information

Other Structures
Views None

Maps

home_work Nearby Properties

Listing information courtesy of: Douglas Lee, COMPASS 650-279-1212. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 29th, 2025 at 5:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.