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Banning, California

183 E. King St, Banning, CA 92220

  • Price: $895,000
  • Building Size: 1,800 SF
  • Price/Unit: $179,000
  • Property Type: Residential Income
  • Property Sub-type: Single-Unit (SFR/ Condo)
  • Property Use Type: Investment
  • Commission Split: 3%
  • Cap Rate: 9%
  • Year Built: 2011

 Description

$7,000 per moth!! 5 Brand New Homes, Plus 5 lots permit ready. These home all have large lots located on a cul-de-sack. Each home has 4 bedrooms plus 2 bathrooms with aprox 1,800 sq ft. These homes will Rent easly for $1,400.00 a month. Live in one rent the other 4. Build the other 5 and have 10, Great opertunity for low maintace and good cash flow. These home are all on seperate lots for easy resale when prices improves.

Call Jack 909-380-2416

Investor Listing

LoopNet Listing

Banning, Riverside County, California

80 miles east of Los angeles, 30 miles west of Palm Springs. 10 minutes from the Morongo Casino. These homes located on culd-de-sac. Walking distance to schools, restaurants and public transportation.