Price Reduction
Address
3985 Kansas Avenue Riverside, CA
Price
$ 719,990
Property Attributes
  • MLS#IV21068811
  • TypePending
  • CountyRIVERSIDE
  • CityRiverside
  • AreaRiverside
  • Zip92507
  • StyleTriplex
  • Price$ 719,990
  • Bedrooms7
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage2966
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
MICHAEL NUGENT with REALTY MASTERS & ASSOCIATES.
Data Source:
CRMLS
Property Description

Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus room) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100; the 2be/1ba can rent for $1,450.00 and 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. BUYER TO ASSUME TENANTS. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.

Price History
4/2/2021 Listed $788,800
4/27/2021 9% - $719,990

General Features

Community Features Park, Sidewalks
Cooling Central Air
Heating Floor Furnace
High School District Riverside Unified
Interior Features All Bedrooms Down
Levels One
Listing Agent MICHAEL NUGENT - BRE#01329276
Listing Agent State License 01329276
MLS Area 252 - Riverside
Pool Features None
Property Attached Y/N Yes
Property Sub Type Additional Triplex
Property SubType Triplex
Property Type Residential
Rooms Family Room, Bedroom
Sewer Sewer Tap Paid
Special Listing Conditions Standard
Stories 1
Structure Type Triplex
Terms Submit
Total Units 3
View None
Virtual Tour https://my.matterport.com/show/?m=f3CxerFN8Eg&mls=1
Virtual Tour https://my.matterport.com/show/?m=6r7ZesE4Cen&mls=1
Zoning R2

Interior Features

Air Conditioning Y/N Yes
Common Walls 1 Common Wall
Fireplace Features None
Full Baths 5
Heating Y/N Yes
Laundry Features Inside
Living Area 2966
Main Level Bathrooms 5
Main Level Bedrooms 7
Total Baths 5
Total Bedrooms 7

Exterior Features

Lot Size Acres 0.18
Lot Size Area 7841
Lot Size Source Assessor
Lot Size Square Feet 7841
Lot Size Units Square Feet
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Bedroom
Family Room

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92507

Price
AVG $470K
$720K
Visits
AVG 50
21
Year Built
AVG 1979
1946
Walkscore
AVG 38
78
Data Provided by Walkscore ® not using MLS data

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