Riverside, CA 92501,2576 Lime ST
Riverside, CA 92501,2576 Lime ST
Riverside, CA 92501,2576 Lime ST
Riverside, CA 92501,2576 Lime ST
Riverside, CA 92501,2576 Lime ST
Riverside, CA 92501,2576 Lime ST
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$800,000

$799,900

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10,018 Sqft Lot


SOLD DATE : 11/06/2024

Key Details

Sold Price $800,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24209676

Sold Date 11/06/24

Construction Status Turnkey

HOA Y/N No

Year Built 1984

Lot Size 10,018 Sqft

Property Description

Welcome to this prime duplex investment opportunity located at 2576 - 2578 Lime Street, Riverside, CA! This well-maintained property features two separate units, each offering 2 spacious bedrooms and 2 full bathrooms, complete with their own electric and gas meters for easy management. Both units include in-unit laundry, central heating and air conditioning, and newer flooring throughout. The entire roof was recently replaced in 2021, ensuring a worry-free investment for years to come.

The property offers ample parking with space for up to 4 vehicles, including a 1-car garage, 1 covered carport space, and 2 additional uncovered parking spots for each unit. Situated on a large 10,019 sq. ft. lot, just shy of a quarter acre, there’s potential for future expansion. The existing garages can potentially be converted into additional units or an ADU, subject to local building codes and regulations.

Located in an excellent area, this property is just minutes from major freeways, making commuting a breeze. It’s also conveniently close to Downtown Riverside, where you can enjoy a variety of dining, shopping, and entertainment options.

With extremely low monthly expenses— averaging $40/month for water/sewage, $40/month for landscaping, and a $55 bi-monthly pest control service—this property is perfect for an investor seeking immediate cash flow. Both units are tenant-occupied, providing steady rental income from day one.

Don’t miss out on this incredible opportunity to own a versatile, income-generating property in a desirable Riverside location! Contact us today for more details.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R2

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Range, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room

Exterior

Garage Carport, Garage, Gated

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Chain Link, Wood, Wrought Iron

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Shingle

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre, Sprinkler System

Faces Northwest

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 209142006

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Financing FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Anthony Tafesh • KELLER WILLIAMS SIGNATURE RLTY • 909-764-7346
Bought with Sammer Mudawar • The Brokerage
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