491 S Simpson

THESE UNITS ARE BREATHTAKENLY FINE!!! This Hemet 4Plex is located in the nicest section of Hemet, adjacent to the Sierra Dawn community of Hemet. This community is the best location in Hemet, known for it's very high pride of ownership, and no crime or ghetto!!! Also, these units have been kept up like they are new! NEW ROOF! NEW HVAC'S! Upgraded cabinetry and appliances! Newer tile flooring. Granite counter tops! Check out the pictures. This place is REALLY, REALLY NICE!!! This complex consists of: One: 2 bedroom, 2 bath unit. Three: 1 bedroom, 1 bath units. One: 2 CAR GARAGE FOR THE 2 BEDROOM UNIT!! A nice roomy laundry room! THREE: 1 CAR GARAGES FOR THE 1 BEDROOM UNITS!!! Another 1 car garage. THIS COMPLEX HAS A TOTAL OF SIX GARAGES!!! All units are separately metered, with tenants signing up and paying their electric and gas. Landlord pays water and trash. While actual rents are below market, the rents are month to month and can be brought up to market. Please see rent roll, and rent comps attached in MARKETING PACKAGE. At actual rents, we're putting out a positive cash flow. And if you bring up the month to month rents to market, were putting out the following: $81,000 Annual Gross Income! A 9.26 Gross Rent Multiplier! A 9.11% Cap Rate! And a robust, double digit 17.52% Cash on Cash Return!!! For rent roll and rent comps, SEE SUPPLEMENTS ATTACHED. It must be noted that the 2 bedroom 2 bath unit is very large and beautiful. It totals approximated 2,000 SF (estimated). It has a living room, a dining room, huge kitchen, huge dining area, and very large master bathroom that has two large rooms within the bathroom. It also has very large walk-in closets. With the high square footage, one could easily convert this to a 4 bed 3 bath!!! With this location, you can't go wrong. You're virtually guaranteed, top of the market rents, low vacancy, and HUGE rent and price appreciation!!!