792 Oleander St Hemet, CA 92543

Property Details for 792 Oleander St

Year built

1974

Property size

31,014 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a portfolio of twelve multifamily properties totaling 30 units situated in Hemet, California. The portfolio comprises eight duplexes, two triplexes, and two fourplexes, constructed between 1974 and 1989, offering a diverse range of building types. Each unit boasts a desirable and spacious two-bedroom, one-and-three-quarter-bathroom floor plan, appealing to a wide tenant base. The combined lot size spans 114,124 square feet, and the total net rentable square footage is 31,014 square feet. The portfolio is offered at an asking price of $7,160,000, representing a price per unit of $238,666.67 and a price per square foot of $230.86. With a Net Operating Income (NOI) of $325,555, the portfolio exhibits a compelling 4.55% capitalization rate. This well-maintained portfolio offers a strong cash flow and significant potential for future appreciation, making it an attractive investment for discerning buyers. The properties are located in Hemet, Riverside County, CA, zip code 92543, at 792 Oleander St and other addresses within the portfolio. Note that the portfolio is offered in three tranches