lot zoned for multi-use, prefect for multi-story apartment complex with retail units

307 & 309 W Graham av, Lake Elsinore, CA 92530

$800,000 After Repair Value -
$500,000 Asking Price -
$0 Cost of Repairs =
$300,000 Potential Profit

Property Details

Asking Price $500,000

After Repair Value $800,000

Costs of Repairs $0

Potential Profit $300,000

Living Area 38000 ft2

Property Type Multi-Family

Bedrooms +6

Bathrooms +6

Half Bathrooms N/A

Parking +6

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $360,000

Yearly Expenses $98,000

Property Taxes $36,000

Net Operating Income $260,000

Cap Rate N/A

Property Description

flat land with ability to have underground parking from rear easement, centrally located 2blks from lake, 1blk from sheriffs station, fire station, community center, library, post office, in center of downtown Lake Elsinore, California between Los Angeles and San Diego, sits on a main through fare-busy street of retail businesses!


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