199 North Inez Street

Hemet, CA 92543

$678,000
Price
1
Beds
4
Baths
2,000 Sq. Ft.
$339 / Sq. Ft.
2,000
Sq. Ft.
$339
per Sq. Ft.

Description

Explore the heartbeat of Hemet with an unmatched lucrative investment. Nestled in downtown Hemet are two income generating fourplexes at 199 North Inez and 191 Inez, offering a total of eight diligently remodeled units. This is an investor’s dream, perfect for those seeking the top cash flow in the areas. Why you will love it! All units have undergone recent remodeling, ensuring a fresh, contemporary feel. Each one bedroom, one bath single story apartment has been upgraded with a dual-pane windows,...Explore the heartbeat of Hemet with an unmatched lucrative investment. Nestled in downtown Hemet are two income generating fourplexes at 199 North Inez and 191 Inez, offering a total of eight diligently remodeled units. This is an investor’s dream, perfect for those seeking the top cash flow in the areas. Why you will love it! All units have undergone recent remodeling, ensuring a fresh, contemporary feel. Each one bedroom, one bath single story apartment has been upgraded with a dual-pane windows, tile flooring throughout. And newer water heaters. Each tenant enjoy private fenced yard, provident personal private outdoor space. Plus with washer and dryer hookups in every unit, daily life is made easy and independent. Efficient Utilities Landlord and tenants alike will appreciate the separate Gaz and electric meters, allowing for direct billing and simplicity. Additional touches include individual hot water heaters so that tenants can enjoy uninterrupted showers and energy efficiency. Endless parking options! Say goodbye to parking worries. Both properties offer ample parking spaces for tenants and the convenience of an off street parking lot. The investor edge Double the opportunity, with the two property listed separately but ready to sell together, you gain immediate access to a prime investment with eight units producing high cash flow, with potential of more return. Location, location, location. Positioned in the serene downtown Hemet, your tenants will love the walk ability and charm. Close access to all local amenities. Priced to sell! These fourplexes promise both instant return and lasting potential!
  1. Listed by FATOU DIALLO • DRE #01427528 • Brokerage DRE #02072854 • Top Producers Realty Partners, Inc. • 909-816-0436

Property Details for 199 North Inez Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2000
Assessor Parcel Number
443-223-018
Property Attached YN
true
LISTING UPDATED: 11/25/2024 10:44 AM

Property Details for 199 North Inez Street

StatusActive
MLS #IV24236462
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.13 AC / 5,663 SF
CountyRiverside County

Building Information for 199 North Inez Street

Stories1Residences-Year Built1964Building Size-Lot Size0.13 AC / 5,663 SF

Property Information for 199 North Inez Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $62,400
  • Gross Scheduled Income: $62,400
  • Net Operating Income: $51,938
Expense Details
  • Operating Expense: $10,462
  • New Taxes Expense: $5,472
  • Insurance Expense: $1,150
  • Trash Expense: $1,440
  • Water Sewer Expense: $2,400
  • Total Expenses: $10,462
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 0
  • Tax Census Tract: 434.01
  • CFD/Mello-Roos Fee: $150
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: Front door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 199 North Inez Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 199 North Inez Street

Taxable ValueLand$106,120Additions$371,422Total$477,542
Tax Record2024$5,540 ($462 / month)
Home Facts
Total Finished SqFt2,000 SqFtAbove Grade Finished SqFt2,000 SqFtStories1Lot Size5,662 SqFtStyleQuadraplexYear Built1964ZoningR3CountyRIVERSIDEAPN443-223-018

Schools near 199 North Inez Street

This home is within Hemet Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Jacob Wiens Elementary School
PublicK to 5

Rancho Viejo Middle School
Public6 to 8

Tahquitz High School
Public9 to 12

Hemet Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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199 North Inez Street is a multi-family home for sale in Hemet, CA 92543. This property was listed for sale on November 19, 2024 by Top Producers Realty Partners, Inc., it's currently listed at $678,000. It has been on the market for a total of 4 days and was last sold on March 11, 2021. This listing's school district is Hemet Unified School District. Nearby schools include Jacob Wiens Elementary School, Rancho Viejo Middle School and Tahquitz High School. 199 North Inez Street is a 1-bed, 4-bath, 2,000 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Top Producers Realty Partners, Inc., FATOU DIALLO, DRE #01427528

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.