21840 Cottonwood Avenue, Moreno Valley

$2,699,000

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13 Beds
0 Bath
5.97 Acres
0 Garage

There are total 6 acres of land and 6 apartments, selling as land value as you can build additional houses and apartments on this property, it is an excellent location for development. Rental income effective Feb 1,2024 will be $8285 which is way below market rent ,Market rent for 2 bd is $2100 and 3 bd 2800 . Market rent could be $12000+ per month

Essential Information

MLS® #
PW23150505
Price
$2,699,000
Bedrooms
13
Bathrooms
0.00
Acres
5.97
Year Built
1976
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
21840 Cottonwood Avenue
Area
259 - Moreno Valley
City
Moreno Valley
County
Riverside
Zip Code
92553
Community Features
Curbs
Senior Community
N

Amenities

Pool
None

Interior

Heating
Central
Fireplaces
None
# of Stories
1
Stories
One

Exterior

Lot Description
2-5 Units/Acre

Additional Information

Date Listed
August 12th, 2023
Days on Market
268
Zoning
R2

Listing Details

Agent
Tilak Chopra
Office
CAL Top Realty & Investments

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Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 9:25pm 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.