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    712 S Howard St

    Corona, CA 02879
    • $2,000,000
    • STATUS: Active
    • ON SITE: 113 days
    • ID#: CV21114146
    $2,000,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:
    Area:

    School Ratings & Info

    Description

    10-unit apartment building in heart of Corona, California. The Howard Apartments is a two-story apartment building containing an ideal unit mix of 10 1-bedroom 1-bathroom units. This asset offers investors a true value-add opportunity where current rents are nearly 30% below market. The building has been meticulously maintained and the roof was completely replaced within the last six months. The property has a laundry room on site and ample parking for the tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
    www.homesinthehighdesert.com/homes/117644786
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    712 S Howard St Corona, CA 02879

    • Price: $2,000,000
    • Status: Active
    • ID#: CV21114146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1963
    Built
    Neighborhood:
    Other (Othr)
    County:
    Riverside
    Area:
    248 - Corona
    Property Description
    10-unit apartment building in heart of Corona, California. The Howard Apartments is a two-story apartment building containing an ideal unit mix of 10 1-bedroom 1-bathroom units. This asset offers investors a true value-add opportunity where current rents are nearly 30% below market. The building has been meticulously maintained and the roof was completely replaced within the last six months. The property has a laundry room on site and ample parking for the tenants.
    Exterior Features

    Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Electric Expense 2375 Fuel Expense 0 Garage YN No Gross Income 112908 Gross Scheduled Income 112908 Insurance Expense 4137 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Contract Net Operating Income 56131 New Construction YN No New Taxes Expense 25000 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 56777 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Other Special Listing Conditions Standard Trash Expense 5193 Water Sewer Expense 15011 Water Source Other

    Listing provided courtesy of Nick Mercurio of Cb Richard Ellis


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
     
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