3909 Madison Street, Riverside, CA 92504

$1,700,000
List Price
$1,700,000
Status
ACTIVE
MLS#
OC22080287
Year Built
1951
Lot Size
47,916
Acres
1.1
Lot Location
Item610UnitsAcre
Days on Market
65
Property Type
Multifamily
Stories
One Level

Property Description

We are pleased to present for sale 3909 Madison Street, a 47,916 SF lot with 4 separate homes. This is an ideal redevelopment project for a small home builder. The property is presently zoned R-1 7000, which allows for up to 6 homes to be built. During the entitlement and construction process the existing 4 homes will be generating a monthly income of approximately $5,500 per month. This property is conveniently located in Central Riverside, just north (0.70 miles) of the Riverside 91 Freeway and walking distance to Ramona High School.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$65,100
Operating Expense
5000

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Steve Doughty from Listing Office: Coldwell Banker Platinum Prop

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.