4187 Dwight Avenue, Riverside, CA 92507
4187 Dwight Avenue, Riverside, CA 92507
4187 Dwight Avenue, Riverside, CA 92507
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Benjamin Rubalcava • Re/Max Partners
$724,999
Est. payment /mo
3 Beds
2 Baths
1,076 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,076 sqft

Price per Sqft $673

MLS Listing ID IG-26134128

Bedrooms 3

Full Baths 2

Year Built 1943

Lot Size 7,841 Sqft

Property Sub-Type Single Family Residence

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Rare Opportunity with Future Upside! This unique property features two beautifully finished homes on one lot, thoughtfully positioned on opposite sides of the property to maximize privacy and functionality. Both residences are fully operational and showcase quality workmanship, creating an ideal setup for multigenerational living, rental income, or owner-occupancy with supplemental income potential. As an added bonus, the seller has already consulted with an architect and obtained conceptual plans illustrating the potential placement of a third home on the property (buyers should verify all development possibilities with the appropriate agencies). Whether you're looking for a turnkey investment, a family compound, or a property with future expansion potential, this offering combines immediate usability with exciting long-term possibilities. Cap rate reflects a stabilized, pro forma analysis based on market rents and reassessed property taxes, resulting in a 5.9% projected return.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Laundry Outside

Exterior

Pool None

Community Features Street Lights

View Y/N Yes

Building

Lot Description Front Yard, Lawn

Sewer Public Sewer

Schools

Elementary Schools Pachappa

Middle Schools Gage

High Schools Polytechnic

Read Less Info

Nearby School & Business

Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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