CALLING ALL EQUESTRIANS! Here is your RARE OPPORTUNITY to own a
huge 2.15-acre ranch in the heart of "NORCO HORSETOWN USA," located
right next to the Santa Ana Riverbed Entrance. No need to
ride far to get to the riding trails and riverbed when it is Just 3
houses away for instant access to 100's of miles of riding Trails.
Located in "OLD NORCO," this is an expansive home and property
where you have more than enough room to expand your dreams here!
With almost 2,500 sqft of living space-hard to find in Old Norco on
2.15 acres-this is a rare gem. From the curb appeal to the large
bedrooms, living room and formal dining room this home has
everything you need. Brand new interior and exterior paint &
a brand new sewer system were just installed. Seller replaced roof
a few years ago as well. Oversized living room overlooks an
expansive window where you can watch all the horses walk by daily.
The home has guest bedrooms on 1 side and the primary bedroom
on the opposite side allowing for more privacy. There is an
office/game room/library, or you can make it more bedrooms if you
have a large family. The formal dining room has a fireplace and a
gorgeous vintage chandelier. There is a large sliding door
leading to the backyard that adds extra lighting. The primary
bedroom is massive with so much space to design your perfect area.
There is a fireplace and two closets; one is an oversized walk-in
closet for all you fashionistas. As you walk outside you will
have plenty of space to make your dream backyard, add a pool, BBQ
area & a perfect outdoor space. There is plenty of RV/trailer wide
access making getting to the back of the property easy. Now to the
horse facilities: perfect for you and all your animals, or a
trainer, rescue, boarding facility, therapeutic riding center,
breeding program, roping arena-you name it. Bring your cows too!. A
4-horse shed row barn with room to add runs, 2 tack rooms/hay
storage areas and an old wooden vintage barn that would be gorgeous
if you restore it to its beauty! It's so vintage it even has
an old dial corded phone that works! There is electrical, lighting
and water ready for you to move right in. There are 3 paddock
areas, 2 have 24x24 covered pipe corals. Multiple areas to section
off the animals/horses/cows and an additional riding arena (with
views) There is newer vinyl fencing to the north of the property
adding privacy. This fantastic property is ready for you to add
your vision and make it your own
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.
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