42
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$724,999
Est. payment /mo
3 Beds
2 Baths
1,076 SqFt
New
4187 Dwight Avenue Riverside, CA 92507
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,076 sqft
Price per Sqft $673
MLS Listing ID IG26134128
Bedrooms 3
Full Baths 2
Year Built 1943
Lot Size 7,841 Sqft
Property Sub-Type Detached
Property Description
Rare Opportunity with Future Upside! This unique property features two beautifully finished homes on one lot, thoughtfully positioned on opposite sides of the property to maximize privacy and functionality. Both residences are fully operational and showcase quality workmanship, creating an ideal setup for multigenerational living, rental income, or owner-occupancy with supplemental income potential. As an added bonus, the seller has already consulted with an architect and obtained conceptual plans illustrating the potential placement of a third home on the property (buyers should verify all development possibilities with the appropriate agencies). Whether youre looking for a turnkey investment, a family compound, or a property with future expansion potential, this offering combines immediate usability with exciting long-term possibilities. Cap rate reflects a stabilized, pro forma analysis based on market rents and reassessed property taxes, resulting in a 5.9% projected return.
Location
State CA
County Riverside
Direction Cross Streets: Chicago Ave & 12th Street
Interior
Heating Wall/Gravity
Fireplace No
Appliance Microwave, Gas Oven
Exterior
View Y/N Yes
Water Access Desc Public
View Neighborhood
Roof Type Shingle
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 221051020
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Standard
Listed by Benjamin Rubalcava, DRE#01877582 Re/Max Partners
NEARBY SCHOOL & BUSINESS
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