Opportunity Awaits! Fixer-Upper Duplex Near Downtown Riverside with ADU Potential.
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: 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 an 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 dwelling possibilities. Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build an ADU. Property is currently not being rented. Pro Forma rent is an estimate only. Buyer to perform rental income/expenses analysis.