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    167 N Carmalita

    Hemet, CA 92543
    • $225,000
    • STATUS: Pending
    • ON SITE: 20 days
    • MLS #: SW21154485
    Pending
    UPDATED: 58 min ago
    $225,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    Excellent investment opportunity with long-term tenant. Looking for an income producing property that is affordable...welcome to Boy's Burgers in Hemet. This property is being sold by the Trust that holds title and has an approximate Cap Rate of just under 7%. Located at the corner of Carmalita and Latham, this iconic Hemet burger stand is across the street from both the Hemet City Library and the Hemet Police Department.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T10:43:28.257. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
    www.desertareahomesforsale.com/homes/119328242
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    167 N Carmalita Hemet, CA 92543

    • Price: $225,000
    • Status: Pending
    • Updated: 58 min ago
    • MLS #: SW21154485
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    Neighborhood:
    Srcar - Southwest Riverside County
    County:
    Riverside
    Area:
    Srcar - Southwest Riverside County
    Property Description
    Excellent investment opportunity with long-term tenant. Looking for an income producing property that is affordable...welcome to Boy's Burgers in Hemet. This property is being sold by the Trust that holds title and has an approximate Cap Rate of just under 7%. Located at the corner of Carmalita and Latham, this iconic Hemet burger stand is across the street from both the Hemet City Library and the Hemet Police Department.
    Exterior Features

    Lot Features Corner LotLevelRectangular LotWalkstreet Open Parking Spaces 5 Parking Total 5 Sign On Property YN No

    Property Features

    Additional Parcels YN No Business Type Fast Food Common Interest None Current Financing None Exclusions All Restaurant Property Belonging To Tenant. Gross Scheduled Income 15600 Insurance Expense 1848 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 13192 Number Of Units Leased 1 Property Sub Type Retail Special Listing Conditions Trust Tax Year 2020 Water Source Public Zoning C-2

    Listing provided courtesy of Michael Duffy of Coldwell Banker Assoc.Brks-Cl


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T10:43:28.257. 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 deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
     
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