3561 Russell Street
3561 Russell Street
$575,000
2
2
1,101
1,101
$522
Description
Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY...Opportunity Zone! Fixer-Upper Duplex (2 Units) Near Downtown Riverside. Embrace the potential of this fixer-upper duplex, strategically located near downtown Riverside and near the new The Exchange mixed use development! This property presents a unique opportunity for renovation enthusiasts and investors to create a personalized space while also exploring the possibility of building an Accessory Dwelling Unit (ADU). Excellent opportunity for cash investors! Prime Location: Located in an OPPORUNITY ZONE! (buyer to verify) Conveniently situated near downtown Riverside, enjoy proximity to local amenities, entertainment, and cultural attractions. Short distance of Historic Mission Inn and The Riverside Art Museum. Stroll down Main Street, eat at one of many restaurants, visit the shops and vendors and enjoy the Festival of Lights attraction. Buyer is to do all due diligence on all matters including, but not limited to, property size, lot size, permit history, zoning, permitted and non-permitted use, school assignments, property condition, metering information and anything effecting the desirability of the property to the Buyer. Fixer-Upper: Unleash your creativity and vision with this duplex that is ready for a makeover. Customize the space to your liking and add significant value. ADU Potential: Take advantage of the expansive lot and explore the option of constructing possibly more than one ADU. Perfect for extra rental income, extended family, or a home office. Property has: 2 gas meters; 1 electric meter; 1 water meter. Investment Opportunity: Ideal for those looking to invest in a property with substantial potential. Unlock value through renovations and additional 2+ ADU dwelling possibilities! Good rental area demand. Large, 10,000+ square foot lot leaving plenty of room to build. Pro Forma rent is an estimate only (buyer to perform their own research). Buyer to to perform their own research and investigation regarding the subject property and the area. Per city of Riverside, property is zone R1-7000 SFR - Buyer to verify. Please NO BLIND OFFERS.
- Listed by VINCE DEL NEGRO • DRE #00976149 • Brokerage DRE #01333814 • RE/MAX CHAMPIONS • 909-224-5091
Property Details for 3561 Russell Street
View
None
Parking Spaces Total2
Private PoolNo
Cooling TypeN/K
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area1101
Location
LISTING UPDATED: 04/18/2024 10:32 AM
Property Details for 3561 Russell Street
Status | Active |
---|---|
MLS # | CV24008044 |
Days on Market | 43 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1949 |
Lot Size | 0.25 AC / 10,890 SF |
County | Riverside County |
Location
Building Information for 3561 Russell Street
Stories1Residences-Year Built1949Building Size-Lot Size0.25 AC / 10,890 SF
Payment Calculator
$3,350 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3561 Russell Street
Property History for 3561 Russell Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3561 Russell Street
Taxable ValueLand$62,628Additions$167,041Total$229,669
Tax Record2023$2,539 ($212 / month)
Home Facts
Baths2Total Finished SqFt1,101 SqFtAbove Grade Finished SqFt1,101 SqFtStories1Lot Size10,890 SqFtStyleMulti-Family Dwelling (2-4)Year Built1949ZoningR2CountyRIVERSIDEAPN209-080-003Fireplace TypeHas Fireplace
Schools near 3561 Russell Street
This home is within Riverside Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Fremont Elementary School PublicK to 6 | ||
Central Middle School Public7 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Riverside Virtual PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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