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    2705 W Lincoln Street

    Banning, CA 92220
    • $550,000
    • STATUS: Pending
    • ON SITE: 101 days
    • ID#: IG21019942
    Pending
    UPDATED: 61 min ago
    $550,000
    • 0
      BEDS
    • 1.58
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,358
      SQFT
    • $233
      $/SQFT
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    Type:
    Multi-Family
    Built:
    1947
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley

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    Description

    Attn Investors!!! Unique Opportunity, Multi Family. Two homes on 1.58 acres. Two separate addresses, 1 lot. All currently Tenant Occupied. Live in one, rent the other. Three large storage containers, permitted on foundations which add another 960 square feet of usage. RV Parking with all Hook-Ups. Homes have been updated in 2013 and ready to move in. One home has been divided for two fully contained living areas 2/1 and 1/1 and second home is 1/1 built in 1958. Homes are fenced with storage, yards, fruit trees. Keep as current use or add your commercial usage, verified with City of Banning. Conveniently located near I10 Freeway for commuters. Close to Schools, Outlet Mall, Morongo Casino and Palm Springs!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T23:34:11.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
    www.thealvaradobrothers.com/homes/113779776
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    2705 W Lincoln Street Banning, CA 92220

    • Price: $550,000
    • Status: Pending
    • Updated: 61 min ago
    • ID#: IG21019942
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.58
    Acres
    2,358
    SQFT
    $233
    $/SQFT
    1947
    Built
    Neighborhood:
    263 - Banning/Beaumont/Cherry Valley
    County:
    Riverside
    Area:
    263 - Banning/Beaumont/Cherry Valley
    Property Description
    Attn Investors!!! Unique Opportunity, Multi Family. Two homes on 1.58 acres. Two separate addresses, 1 lot. All currently Tenant Occupied. Live in one, rent the other. Three large storage containers, permitted on foundations which add another 960 square feet of usage. RV Parking with all Hook-Ups. Homes have been updated in 2013 and ready to move in. One home has been divided for two fully contained living areas 2/1 and 1/1 and second home is 1/1 built in 1958. Homes are fenced with storage, yards, fruit trees. Keep as current use or add your commercial usage, verified with City of Banning. Conveniently located near I10 Freeway for commuters. Close to Schools, Outlet Mall, Morongo Casino and Palm Springs!
    Exterior Features

    Architectural Style Cottage Construction Materials DrywallConcrete Direction Faces South Entry Level 1 Fencing BlockChain LinkWood Lot Features 2-5 Units/AcreBack YardFront YardLot Over 40000 SqftLandscapedStreet Level Number Of Separate Electric Meters 2 Parking Features DrivewayRv Hook-UpsRv Access/Parking Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition View HillsMountain(S) View YN Yes

    Interior Features

    Accessibility Features No StairsParking Common Walls 1 Common Wall Cooling Evaporative Cooling Cooling YN Yes Fireplace Features Wood Burning Fireplace YN Yes Heating CentralWall Furnace Heating YN Yes Window Features BlindsDouble Pane WindowsWood Frames

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Rural Electric Standard Electric Expense 2002 Fuel Expense 0 Garage YN No Gross Income 39000 Gross Scheduled Income 37800 Inclusions 3 Storage Containers On Permanent Foundation Insurance Expense 1290 Land Lease YN No Laundry Features Laundry Room Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 1000 Net Operating Income 25340 New Construction YN No New Taxes Expense 2039 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 3 Operating Expense 9301 Possession Negotiable Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Tax Annual Amount 1994 Tax Year 2018 Tenant Pays Exterior MaintenanceGrounds Care Trash Expense 254 Utilities Electricity Connected Water Sewer Expense 1036 Water Source Public Zoning General Commercial

    Listing provided courtesy of Janet Laprade of Realty Benefit


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T23:34:11.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.
     
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    1800 N Bristol St, Suite C135
    Santa Ana CA, 92706