Introducing your historic Craftsman investment home near downtown Riverside. The front home offers over 1600 sq ft with 3 bedroom's and 2 full bathroom's currently being leased out for $2800. This area is experiencing significant growth with a city approved investment of over $23 million for Fairmount Park which is only minutes away and the already growing Downtown Riverside. This development makes it a desirable hotspot and an excellent area to park your money.
The home itself comes with approved permits to convert the garage into a 2 bedroom accessory dwelling unit (ADU) with its own entrance and backyard. This ADU has the potential to be leased for $2000, providing additional income opportunities.
The location of the home is ideal, offering easy access to multiple freeways. Additionally, the property has been upgraded while still retaining its original character, providing a unique blend of modern amenities and traditional charm.
It is worth noting that there has been recent approval allowing the sale of ADUs as condos in the state of California. This presents an excellent opportunity for savvy investors to maximize their returns. However, it's important to mention that while the ADU has been approved, the conversion process has not yet been completed yet and will only be completed with the right offer. Or keep the home AS IS and we will include the approved plans for the adu for you to finalize yourself! The choice is yours.
Overall, this Craftsman home near downtown Riverside offers a promising investment opportunity in a rapidly developing area.
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