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11411 Cherry Avenue, Cherry Valley, CA 92223

For Sale

$2,888,888

24 beds • 8 baths • 5,178 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $557.92
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Incredible 7-Unit Investment Opportunity 11411 Cherry Ave., Banning, CA Attention seasoned investors! Don t miss this rare chance to acquire a cash-flowing, turn-key 7-unit property in the growing city of Banning. Located in the heart of Riverside County, this property offers a mix of spacious units catering to a diverse tenant base: 1 unit with 4 bedrooms and 2 bathrooms 6 units ranging from 3 bedrooms and 1 bathroom to 2 bedrooms and 1 bathroom With a monthly gross rent of $18,700, this property is a high-yield investment designed for immediate returns. The units have been recently remodeled, eliminating the need for any upfront renovation expenses. This ensures a smooth transition for the new owner with minimal effort required to maintain its current profitability. For investors looking to structure a competitive deal, the seller is offering flexible financing options, including carrying a note at a competitive rate. These terms provide ample opportunities to make the numbers work and maximize returns on investment. Banning s growing economy and proximity to major highways, retail, and amenities make this property highly attractive to tenants. With Riverside County s strong rental demand, this property is poised to remain a steady income-generator for years to come. Whether you re expanding your portfolio or looking for a secure investment with immediate cash flow, 11411 Cherry Ave. is a no-brainer. A fully remodeled, high-income property with built-in financing options is a rare find. Act now to secure this incredible opportunity!
MLS# IV24249923

Courtesy Of RE/MAX Time

(909) 373-0880

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Heating System
    Central Furnace

Map and Directions

Directions to 11411 Cherry Avenue, Cherry Valley, CA 92223

Home seller CENTURY 21 Lois Lauer Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lois Lauer Realty

(909) 570-6000
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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