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119 N 8th Street, Banning, CA 92220

For Sale

$899,000

3 beds2 baths1,530 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $587.58
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Incredible Investment Opportunity in Banning, CA Attention seasoned investors! Discover an exceptional income-generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one. The first home is a spacious 3-bedroom, 2-bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2-bedroom, 2-bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in California s competitive real estate market. What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you won t need to spend any initial cash on upgrades or repairs it's turnkey and ready to start earning from the moment you take ownership. Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether you re seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your financial goals while reducing upfront costs. Located in the heart of Riverside County, Banning is an ideal location for cash-flowing properties. The area s steady rental demand, coupled with its strategic position near major highways, makes this property an attractive asset for seasoned investors seeking reliable income. With no major capital expenditures required and strong rental income in place, this opportunity offers immediate and sustainable cash flow. Who says you can t cashflow in California? This property proves that you absolutely can! Seize this chance to add a highly desirable asset to your portfolio and enjoy the benefits of effortless cash flow in one of Southern California s most promising markets. Don t let this incredible opportunity pass you by. Contact us today to schedule a viewing and explore how this property can be tailored to meet your investment needs!
MLS# IV24249829

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 119 N 8th Street, Banning, CA 92220
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Home seller CENTURY 21 PrimeTime Realtors

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 PrimeTime Realtors

(909) 980-6100
Learn More About Us

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