3633 KANSAS AVE Riverside CA 92507-4317

RARE triplex investor opportunity in the heart of Riverside featuring strong in-place income and significant value-add potential.​ The property generates approximately $64,704 in current annual income, with projected upside of approximately $21,000 annually through a city-approved ADU plan, bringing total projected income to approximately $85,704 per year.​ Situated on two contiguous parcels totaling approximately 0.33 acres!The property has undergone extensive recent improvements, including a new roof, full unit rehabs completed in 2023, fresh exterior and interior paint, and completed termite work, offering a low-maintenance investment profile.​Included with the sale are architect-prepared, city-approved plans for an ADU utilizing an existing detached garage, providing a lower-cost path to adding a fourth unit and increasing future income (buyer to verify).​The property consists of three units with functional layouts, ample on-site parking, and one detached garage assigned to the larger unit.​ Tenants currently pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, supporting favorable operating margins.​Centrally located near University of California Riverside, Riverside City College, and major freeways (60, 91, 215).​Ideal for investors seeking immediate cash flow with minimal deferred maintenance and clear upside through ADU development.​Drive-by only.​ Please do not disturb tenants.​ Interior inspection subject to accepted offer.​