703 Allegheny 1-40

Beaumont, CA 92223

About this property

***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartment community that is managed on-site and offers investors desirable amenities as it was built as a condominium complex with each unit situated on its own tax assessor parcel. The property features 100% two and three bedroom townhouse units with connecting two and three car gargaes, an uncommon feature in similar sized, garden-style communities. The townhouses further distinguish themselves with vaulted ceilings enhancing natural light and offering a more spacious, modern living experience. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are brought to market levels. 100% 3 & 2 bedroom townhouse units Connecting 3 & 2 car garages Built in 2008 as condominiums (individual parcels) Well managed with on-site management & excellent tenant profile Sparkling pool, spa, playground & BBQ area Priced below replacement cost at under $187 per foot Spacious units offering 3 different floor plans Average of ±1,606 square foot units Central AC/heat & individual hot water heaters Large ±2.45 Acre parcel ±1 mile with easy access to the I-10 freeway

About this property

***$855,000 Price Reduction***Constructed in 2008, The Tuscany Villas is a 40-unit apartment community that is managed on-site and offers investors desirable amenities as it was built as a condominium complex with each unit situated on its own tax assessor parcel. The property features 100% two and three bedroom townhouse units with connecting two and three car gargaes, an uncommon feature in similar sized, garden-style communities. The townhouses further distinguish themselves with vaulted ceilings enhancing natural light and offering a more spacious, modern living experience. Bordered by Mount San Gorgonio and Mount San Jacinto, Beaumont is one of the fastest-growing cities in Riverside County. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are brought to market levels. 100% 3 & 2 bedroom townhouse units Connecting 3 & 2 car garages Built in 2008 as condominiums (individual parcels) Well managed with on-site management & excellent tenant profile Sparkling pool, spa, playground & BBQ area Priced below replacement cost at under $187 per foot Spacious units offering 3 different floor plans Average of ±1,606 square foot units Central AC/heat & individual hot water heaters Large ±2.45 Acre parcel ±1 mile with easy access to the I-10 freeway

Features and Additional Information

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$11,995,000 Active
64,254 sqft

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
Brokerage
Kidder Mathews of California, Inc
1-949-557-5000
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Area Information

263 Banning | Beaumont | Cherry Valley | Riverside County | Solera (SLRA)

$ 11,995,000
This listing is play_arrow 2493.5% higher than the average in the area
$ 462,500 in the area
64,254 SqFt
This listing is play_arrow 3177.4% larger than the average in the area
1,961 SqFt in the area
$ 187 $/SqFt
This listing is play_arrow 21.4% less than the average in the area
$ 238 $/SqFt in the area
235 days on site
This listing is play_arrow 770.4% above the average in the area
27 days on site in the area

Schools in the Area

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Listed By Jonathan Mitchell
Brokerage: Kidder Mathews of California, Inc

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