1220 E Campus WAY Hemet, CA 92543
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25148426
HOA Y/N No
Year Built 1956
Lot Size 9,539 Sqft
Lot Dimensions Assessor
Property Sub-Type Triplex
Property Description
Extensively renovated and meticulously maintained, recent capital improvements include new copper plumbing, updated electrical systems, split A/C units, new dual-pane windows, new kitchens, modern flooring, and new privacy fencing—resulting in low operating costs and minimal deferred maintenance.
Each unit is separately metered for electricity, maximizing NOI and reducing landlord expenses. With a GRM of 8.93 and an impressive current Cap Rate of 7.92%, this stabilized asset offers exceptional in-place cash flow with upside potential in rents.
Perfect for 1031 buyers, first-time multi-family investors, or seasoned operators seeking strong yield in a low-maintenance asset. Don't miss this rare chance to own a turn-key triplex in a high-demand rental corridor
Location
State CA
County Riverside
Area Srcar - Southwest Riverside County
Zoning CI
Interior
Interior Features All Bedrooms Down
Heating None
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Driveway
Fence Block
Pool None
Community Features Biking, Golf, Horse Trails
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 445102016
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
