509 E Central Avenue, Hemet, CA 92543

Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
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509 E Central Avenue,Hemet, CA 92543
$1,725,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:kristopher german
Office:re/max 2000 realty
MLS#:CV25151759
Source:SANDICOR

Price summary

  • Price:$1,725,000

About this home

1990's construction priced at a Current 8.29 GRM and 8% CAP Rate!!! We are pleased to exclusively present this well-maintained 8-unit multifamily asset, perfectly positioned to generate immediate cash-flow and long-term value. Built in the 1990s and offered well below replacement cost at just $199 per square foot, this property presents a rare blend of newer construction, strong tenant appeal, and robust financial performance. Boasting an excellent unit mix of (4) spacious 3-Bed/2-Bath units and (4) well-designed 2-Bed/2-Bath units, this building attracts a stable tenant base seeking comfort and convenience. Each residence comes with private balconies or patios, central A/C and heat, and its own private 2-car garagea luxury not often found in multi-family assets. Investors will appreciate the recent capital improvements: 7 of the 8 units have been tastefully remodeled, featuring new dual-pane windows, fresh paint, modern flooring, and updated kitchens. The property offers private

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Home facts

  • Listing Id #:CV25151759
  • Added:25 day(s) ago
  • Updated:August 20, 2025 at 07:32 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Heating and cooling

  • Cooling:Central Forced Air

Finances and disclosures

  • Price:$1,725,000
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