Menifee, CA 92584 25478 Roufus Road
$729,000
23 more
Presented By: Kristina Sanders with Signature Real Estate Group; 3107801712
Beds • 3
Full/Half Baths • 0 / 1
SQFT • 3,144
Garage • 2
Home Details
Great 4-unit income investment property with an income producing storage yard and a 2-car garage on a 1.38 acre parcel. The location is quiet, up on a hill and has amazing panoramic views of mountains and hills. All units are rented with established tenants. 60k owned ground mounted solar system installed a few years ago. Each unit has a sub-meter to track energy use. Tenants pay for any usage over what the solar produces. Paved parking galore. Multiple RVs, boats, vehicles and toys can be parked there. Well water with 2 new 5000 gallon water tanks and a subterranean well-pump system recently installed. One unit had some upgrades in 2019, and another unit had some upgraded in 2017. All units have washer and dryer hook-ups and heating and air. Two septic systems on property. One structure just recently had the water heater replaced. Storage yard and units have securable fencing. Property is fully fenced. Rural residential zoning. Cash or 1031 exchange only.
Presented By: Kristina Sanders with Signature Real Estate Group; 3107801712
Interior Features for 25478 Roufus Road
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, Inside, Outside, PropaneDryerHookup, SeeRemarks
Street SuffixRoad
Total Stories1
Other Rooms
Entry Level1
General for 25478 Roufus Road
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.4
Carport Y/NYes
CityMenifee
Community FeaturesRural
CountyRiverside
Days on Market24
DirectionsNear Bundy Canyon, off Scott and Wright Rd, up the hill.
Electric Expense120.0
Entry Location1
ExclusionsTenants property and storage containers in storage yard.
Fuel Expense3600.0
Garage Spaces2.0
Garage Y/NYes
Gross Income5915.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1407.0
Interior FeaturesAllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Item1031Exchange
Lot Size Square Feet60113.0
MLS AreaSRCAR - Southwest Riverside County
MobileHomeRemainsYNNo
Net Operating Income4352.0
New ConstructionNo
Open Parking Spaces20.0
Operating Expense1267.0
Other StructuresGuestHouse, Storage, TwoOnALot
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalManufacturedOnLand
Property SubTypeManufacturedOnLand
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTank
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories1
Street NameRoufus
Tax Annual Amount7581.0
Tax LotE
Tenant PaysCableTV, Electricity
Total Units4
Trash Expense228.0
ViewMountains, Panoramic
View Y/NYes
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1973
Year Built SourceAssessor
ZoningR-A-2 1/2
Exterior for 25478 Roufus Road
Building Area Total3144.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre, CulDeSac
Lot Size Acres1.38
Lot Size Area60113.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters1
Number of Separate Gas Meters0
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesAttachedCarport, RVGated, RVAccessParking, Storage
SpaNo
Total Parking22.0
Water SourceWell
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480