18574 Collier Avenue, Lake Elsinore, CA 92530

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Residential Income

$1,999,000

18574 Collier Avenue

Lake Elsinore, CA 92530

Listed by Joseph Shmurak DRE#01326729 [email protected] Key Home Group

MLS: California Regional MLS (CRMLS)

Est. Mortgage

$10,418/mo

Zoned commercial. 1.17 acres between Collier Avenue and the I15 freeway. 1204 square house on the property built in 1952. The house is completely updated and is a rental $1,830 per month. 500 square back house on the property built in 1975. The back property is rented for $830 per month. There is an 800 square foot industrial building on the lower part of the property. There is a working well on the property, and the property is not currently connected to city water. There is a freeway sign on the property. The sign is owned by LAMAR Advertising, and Lamar pays approximately $16,500 per year in sign rental. Current estimated yearly income is ($1830*12 + $830*12 +$16500) = $48420

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Information courtesy of Key Home Group is subject to verification and is not guaranteed.

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