Jeremiah Moersch REALTOR®
Office: 760-533-2540
3561 Russell St, Riverside
$575,000
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2 Beds
2 Baths
¼ Acre
2 Garages
Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside.
Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors!
Prime Location: Located in an OPPORUNITY ZONE! (buyer to verify) Conveniently situated near downtown Riverside, enjoy proximity to local amenities, entertainment, and cultural attractions. Short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction.
Buyer is to do all due diligence on all matters including, but not limited to, property size, lot size, permit history, zoning, permitted and non-permitted use, school assignments, property condition, metering information and anything effecting the desirability of the property to the Buyer.
Fixer-Upper: Unleash your creativity and vision with this duplex that is ready for a makeover. Customize the space to your liking and add significant value.
ADU Potential: Take advantage of the expansive lot and explore the option of constructing possibly more than one ADU. Perfect for extra rental income, extended family, or a home office.
Property has: 2 gas meters; 1 electric meter; 1 water meter.
Investment Opportunity: Ideal for those looking to invest in a property with substantial potential. Unlock value through renovations and additional 2+ ADU dwelling possibilities! Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build. Pro Forma rent is an estimate only (buyer to perform their own research). Buyer to to perform their own research and investigation regarding the subject property and the area. Per city of Riverside, property is zone R1-7000 SFR - Buyer to verify. Please NO BLIND OFFERS.
Essential Information
- MLS® #
- CV24008044
- Price
- $575,000
- Bedrooms
- 2
- Bathrooms
- 2.00
- Acres
- 0.25
- Year Built
- 1949
- Type
- Residential Income
- Sub-Type
- Duplex
- Status
- Active
Community Information
- Address
- 3561 Russell St
- Area
- 252 - Riverside
- City
- Riverside
- County
- Riverside
- Zip Code
- 92501
- Community Features
- Street Lights
- Senior Community
- N
Amenities
- Parking Spaces
- 2
- Parking
- Garage
- # of Garages
- 2
- Garages
- Garage
- View
- None
- Pool
- None
Interior
- Interior Features
- All Bedrooms Down
- Heating
- None
- Cooling
- None
- Fireplaces
- None
- # of Stories
- 1
- Stories
- One
Additional Information
- Date Listed
- January 15th, 2024
- Days on Market
- 40
- Zoning
- R1-7000 (SFR)
Listing Details
- Agent
- Vince Del Negro
- Office
- RE/MAX CHAMPIONS
Property History
Status Changed from Pending to Active
Status Changed from Active to Pending
Status Changed from Pending to ActivePrice Increased from $495,000 to $575,000
Status Changed from Active to Pending
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of April 27th, 2024 at 9:45am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.