4027 Dwight Avenue Riverside, CA 92507
2 Beds
2 Baths
1,273 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,273 sqft
Price per Sqft $467
MLS Listing ID CV25052736
Style Townhome
Bedrooms 2
Full Baths 2
Construction Status Turnkey
HOA Y/N No
Year Built 1943
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Townhome
Property Description
Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Banks Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether youre looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.
Location
State CA
County Riverside
Area Riv Cty-Riverside (92507)
Zoning R2
Interior
Interior Features Granite Counters
Cooling Wall/Window
Flooring Tile
Equipment Gas Range
Appliance Gas Range
Laundry Garage
Exterior
Exterior Feature Vinyl Siding
Parking Features Garage - Single Door, Garage Door Opener
Garage Spaces 2.0
Fence Wood
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Mountains/Hills
Roof Type Composition,Shingle
Total Parking Spaces 2
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Architectural Style Craftsman/Bungalow
Level or Stories 1 Story
Construction Status Turnkey
Others
Monthly Total Fees $5
Miscellaneous Storm Drains,Suburban
Acceptable Financing Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan
Listing Terms Cash, Conventional, Exchange, FHA, VA, Cash To Existing Loan, Cash To New Loan
Special Listing Condition Standard
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