191 N Inez St ST, Hemet, CA 92543 (MLS # SW26190122)
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LOCATION, LOCATION, LOCATION Offered at $749,999 with a cap rate of 7.2% The property features four separate apartment units totaling 2,000 square feet of living space, fully fenced with private patios for each unit + 6 parking spaces, providing strong rental income. Two of the four units have undergone major remodels, with Units A & D completely remodeled as of Aug 2026, from top to bottom, new kitchen cabinets, new flooring, new walls, fresh paint, new bathrooms including toilets, vanitiy, fixtures, new closets, front doors, ceiling fans, screens, fresh exterior paint as of Aug 2026 and more! Creating a fresh, modern ambience. This extensive renovation provides a significant advantage for both attracting quality tenants and positioning the property for strong rental income. Located approximately 1 mile from Downtown Hemet and a 7 minute walk from the Hemet Police Dept, a 3 min drive from Hemet Elementary School, and a 3 min drive from Hemet Adult School. This property offers convenient access to shopping, dining, schools, parks, entertainment, and everyday amenities with strong tenants. But wait, there is more! 191 N Inez comes with a pest control contract up to Dec 2026 FULLY PAID. Don't miss this opportunity to own a substantially improved four-unit property in a convenient Hemet location. This four-unit multifamily property presents an excellent opportunity for investors or first time buyers seeking an income-producing asset in an established Hemet location.
| DAYS ON MARKET | 0 | LAST UPDATED | 9/10/2026 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | SRCAR - Southwest Riverside County |
| COUNTY | Riverside | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range, Microwave, Refrigerator, Water Heater |
| AREA | SRCAR - Southwest Riverside County |
| EXTERIOR | Rain Gutters |
| HEAT | Wall Furnace |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Corner Lot, Front Yard |
| LOT DIMENSIONS | 0.13 |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 5650 |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
TOTAL MONTHLY PAYMENT
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