City Approved Conversion to Permanent Affordable Housing

Highlights:

• - 18,226 SF building with 68 units
• - Constructed in 1992, offering modern amenities
• - Zoned MU - U for versatile repositioning potential
• - Excellent street exposure for maximum visibility
• - Proximity to significant commercial and medical developments
• - Convenient access to the 91 Freeway for seamless connectivity
• - Well-maintained property
• - City of Riverside has confirmed the Potential Comversion to Permanent Affordable Housing and is Enthusiastic about Affordable Housing at the Site.

Description:

Enthusiastically endorsed by the City of Riverside for Conversion to Affordable/Senior Housing the Opportunity to Convert was Built in 1992, The 'Affordable Housing Conversion Opportunity' is an existing Days Inn Hotel with 68 Rooms in a 3-story Building with approximately 18,166 Square Feet located on an approximate 34,424 Square Foot Lot.
The Seller has asked that all showings be arranged through the Listing Agent. The management is not to be disturbed and does not know about the Sale.


This Affordable Housing Conversion Opportunity is located on Highly Exposed Magnolia Avenue just West of the 91 Freeway in the City of Riverside. The Location is on the same street and in close proximity to Kaiser Permanente. The Location offers appealing amenities to prospective Tenants conducive to permanent residency.

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