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Incredible Investment Opportunity in Banning, CAAttention seasoned investors! Discover an exceptional income-generating property located in the growing city of Banning, Riverside County. This unique offering features two homes on one lot, designed to provide impressive cash flow from day one.The first home is a spacious 3-bedroom, 2-bathroom unit, currently renting for $3,000 per month. The second is a comfortable 2-bedroom, 2-bathroom unit, yielding $2,500 per month. Together, these two residences generate a total rental income of $5,500 per month, making this property a standout in California’s competitive real estate market.What sets this investment apart? The property has been recently remodeled, ensuring modern finishes, updated systems, and minimal maintenance requirements. This means you won’t need to spend any initial cash on upgrades or repairs—it's turnkey and ready to start earning from the moment you take ownership.Even better, the seller is offering flexible financing options, including the opportunity to carry a note at a competitive rate. Whether you’re seeking creative terms to maximize your returns or need help structuring a deal that pencils out, the seller is ready to work with you. This flexibility ensures that your investment can meet your financial goals while reducing upfront costs.Located in the heart of Riverside County, Banning is an ideal location for cash-flowing properties. The area’s steady rental demand, coupled with its strategic position near major highways, makes this property an attractive asset for seasoned investors seeking reliable income. With no major capital expenditures required and strong rental income in place, this opportunity offers immediate and sustainable cash flow.“Who says you can’t cashflow in California?” This property proves that you absolutely can! Seize this chance to add a highly desirable asset to your portfolio and enjoy the benefits of effortless cash flow in one of Southern California’s most promising markets.Don’t let this incredible opportunity pass you by. Contact us today to schedule a viewing and explore how this property can be tailored to meet your investment needs!
Property Type(s):
Single Family
| Last Updated | 12/17/2024 | Tract | N/A |
|---|---|---|---|
| Year Built | 1932 | Community | Banning/Beaumont/Cherry Valley |
| County | Riverside |
SCHOOLS
| School District | Banning Unified |
|---|
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Banning/Beaumont/Cherry Valley |
| FIREPLACE | Yes |
| HEAT | Central |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Unknown |
| STORIES | 1 |
| SUBDIVISION | N/A |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | See Remarks |
Location
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Listed with RE/MAX TIME REALTY
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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