Well maintained four unit multifamily property located in a strong rental area of Moreno Valley. All four units are 2 bedroom, 1 bath layouts and the property is fully occupied with stable tenants and a favorable utility structure.
Unit 1: $2,000/month Lease through 5/2026
Unit 2: $1,803/month Month to month
Unit 3: $1,900/month Month to month
Unit 4: $1,900/month Month to month
Gross Scheduled Income: $91,236 annually
Each unit has its own electric and gas meter; tenants pay their own usage
Fifth electric meter services common area lighting
Fifth gas meter services shared water heater (owner pays)
One water meter water paid by owner
Average monthly owner utilities: approx. $450
Gardener: $200/month
Trash: $151/month
Pest control: $80/month
Insurance: $333/month
Tax Rate 1.13%
Annual Operating Expenses: $14,568
Property offers stable tenancy with potential for rent adjustments on the three month to month units. Convenient location near shopping, transportation, and community amenities. A solid opportunity for buyers seeking a well performing multifamily investment.