31125 Murrieta
About This Property
privacy and open space, while remaining close to major roadways, retail centers, and schools. With convenient access to the I-215, the location provides direct connectivity to surrounding employment hubs throughout Southwest Riverside County.
This parcel presents an opportunity for a custom single-family residence with flexibility for accessory structures, light agricultural uses, and animal keeping, consistent with surrounding properties. Menifee continues to experience sustained residential and commercial expansion, driven by strong population growth and new public and private investment. The property's semi-rural character and proximity to modern services make it a unique development opportunity within the city.
Clean and beautiful build ready lot in a great central location on a paved street. Or, potential buy and hold lot in the path of progress. Fully fenced with privacy screens and secured with electronic gate. Electronic gate has new batteries, solar charger, and remote control. Front yard landscaping. Approximately 210' of asphalt driveway recently resealed. Recent perc test.
Great potential for a business owner to build a home with a big attached garage/shop (can be attached with a breezeway) and park work trucks behind secure private fencing at night. It could be a great alternative to leasing off-site lots for secure storage.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017