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PW23209485 MLS ⋅ Pending Status

We are delighted to present this improved 4-unit fourplex a rare blend of 3-bedroom and 2-bedroom townhouse units. This is an income producer. . The larger units bring more income and long-term stable tenants. The well-maintained and gated complex includes additional income opportunities through rented garage space. Located near downtown Corona, this community benefits from surrounding growth and city enhancements. This fourplex can be sold separately or in conjunction with 570 Penrose Dr., the fourplex next door. The community is comprised of four townhome units with communal spaces downstairs and bedrooms upstairs. The end units offer a third bedroom, contributing significantly to the income. The current owners have made extensive improvements, such as installing centralized HVAC, block-walled patios, and a private central courtyard. Each unit comes with nearly three years of prepaid insurance through Choice Home Warranty, covering most repair services for both owners and tenants. Additional amenities include ceiling fans, private patios, and entries opening to an attractive central greenbelt. The units are individually metered for electricity and gas, with the owner covering water and trash expenses. The property also generates extra income through garage rentals. For potential investors, this property provides an opportunity to acquire a substantial income-producing asset in one of Riverside County's most desirable locations. The actual rental income is far higher than comparable units with additional room for upside.

586 Penrose Drive, Corona

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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