119 N 8th Street Banning, CA 92220

Single Family Residence

3 Beds

2 Baths

1,530 Sq. Ft.

0.21 Acre Lot

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Last updated on 12/30/2024 9:58 AM

Listing Details

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 f...irst 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 Californiaâ€™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 wonâ€™t need to spend any initial cash on upgrades or repairsâ€”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 youâ€™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 financi Continue reading

MLS#

CRIV24249829

Property Type

Single Family

Bedrooms

Bathrooms

2 Full

Year Built

1932

Square Feet

1,530 sq. ft

Lot Size