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 p
MLS #
CRPW23209485
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.25
Flooring
Laminate
Laundry
Community Facility
Cooling
Central Forced Air
Heating
Central Forced Air
Pool
None
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 4 |
586 Penrose Dr is a Residential Income in Corona, CA 92878. This – square foot property sits on a 8,276 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,500,000 and was built in 1964.
This address can also be written as 586 Penrose Dr, Corona, CA 92878.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of March 26, 2024. For the most current information, please contact Daniel Adelseck