5100 Queen St, Riverside, CA 90402
LARGE home on a LARGE lot! Excellent location right on the private Victoria Club golf course with great views, 4 different balconies and privacy.
- 7 bedrooms
- 6 bathrooms
- 6,224 Sq Ft
- .79 Acre Lot
Asking $760,000 *does not include fee
Possible Investment Strategies
1) Minimum work to rent: Needs paint and some minor repairs, would rent for $5k/month
2) Small business approach: Use 1st floor as Assisted Living Facility (5 bed room, 5 bath) and live in luxury on the 2nd floor with beautiful views of the Golf Course
3) Rehab: This house is the largest on the golf course and could sell at $1.3M if fixed up
4) Partition the land: Do one of the above and partition the land to sell or to build an additional house.
Pictures:
Comps:
5096 Queen St Riverside, CA 92506
Sold, Nov 12, 2020 for$980K
2 beds / 3 baths / 3,100 sqft
https://www.redfin.com/CA/Riverside/5096-Queen-St-92506/home/22727657
*Immediate Neighbor of 5100 Queen St
The original parcel to this was 5090 Queen Street and it was partitioned off to also create 5096 Queen St, which could similarly be done with this property.
2791 Rumsey Dr Riverside, CA 92506
Sold, Oct 22, 2020 $965K
3 beds / 3 baths / 3,297 sqft
https://www.redfin.com/CA/Riverside/2791-Rumsey-Dr-92506/home/4965499
Contingencies:
- This property is currently listed on the MLS for $880,000 but seller is ready to be done with it and has agreed to sell for $760,000! We are working with the seller and his agent.
- Close by 12/30/20
- EMD $20,000
- Property is vacant for easy viewing. Call to set a showing.
Have a blessed day!