Banning, CA 92220,1420 E Williams Street
Banning, CA 92220,1420 E Williams Street
Banning, CA 92220,1420 E Williams Street
$1,490,000
Est. payment /mo
$1,650,000
9.7%
Est.Price: ?

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3 Beds
2 Baths
0.74 Acres Lot
SOLD DATE : 07/15/2022

Key Details

Sold Price $1,490,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22087408

Sold Date 07/15/22

Bedrooms 3

HOA Y/N No

Lot Size 0.740 Acres

Property Description

Fantastic 10-unit apartment building located in the city of Banning. This property consists of two buildings on two lots, offering a great unit mix: (8) two bedroom and one bathroom units & (2) one bedroom and one bath units. The $200k extensive interior and exterior renovation was done over the last 24 months. Some of the upgrades include but are not limited to new kitchens, updated bathrooms, new flooring interior painting, and a resurfaced parking lot. All units are currently below market rents. Each of the units have been updated to varying degrees as tenants have moved out. There is currently a 39% upside on rents. Conveniently located near a major highway and the Morongo Hotel & Casino.
Fantastic 10-unit apartment building located in the city of Banning. This property consists of two buildings on two lots, offering a great unit mix: (8) two bedroom and one bathroom units & (2) one bedroom and one bath units. The $200k extensive interior and exterior renovation was done over the last 24 months. Some of the upgrades include but are not limited to new kitchens, updated bathrooms, new flooring interior painting, and a resurfaced parking lot. All units are currently below market rents. Each of the units have been updated to varying degrees as tenants have moved out. There is currently a 39% upside on rents. Conveniently located near a major highway and the Morongo Hotel & Casino.

Location

State CA

County Riverside

Area Riv Cty-Banning (92220)

Zoning Estimated

Exterior

Roof Type Composition

Building

Lot Description Curbs

Story 1

Level or Stories 1 Story

Others

Acceptable Financing Cash

Space Rent $750

Listing Terms Cash

Financing Cash

Read Less Info

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San Diego Regional MLS (SDMLS)
Listed by Daniel Escutia • Esen Real Estate Services
Bought with David Covarrubias • MARCUS & MILLICHAP
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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