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Key Details
Sold Price $505,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV23146429
Sold Date 01/23/24
Bedrooms 5
HOA Y/N No
Lot Size 7,405 Sqft
Property Description
EXCELLENT OPORTUNITY TO OWN THIS RENTAL INCOME PROPERTY. It's a very good monthly/yearly income, great Investment with a 8% cap rate. can get this cap rate no where, palm Springs is 4,5 Cap Rate. 3 units describe as the first unit is 3/1 = 3 bed, one full bath, second unit 1/1 = one bed, one full bath, third unit is 1/1 = one bed, one full bath. off street parking 6 spaces, Property build on 1958 but fully remodeled on 2015, Good condition This property has Lots of potential!!!!! Do not miss this opportunity There is nothing like this on the market inventory is very Low. Property is offered "as-is" as!!! Seller is very motivated.
EXCELLENT OPORTUNITY TO OWN THIS RENTAL INCOME PROPERTY. It's a very good monthly/yearly income, great Investment with a 8% cap rate. can get this cap rate no where, palm Springs is 4,5 Cap Rate. 3 units describe as the first unit is 3/1 = 3 bed, one full bath, second unit 1/1 = one bed, one full bath, third unit is 1/1 = one bed, one full bath. off street parking 6 spaces, Property build on 1958 but fully remodeled on 2015, Good condition This property has Lots of potential!!!!! Do not miss this opportunity There is nothing like this on the market inventory is very Low. Property is offered "as-is" as!!! Seller is very motivated.
Location
State CA
County Riverside
Area Riv Cty-Desert Hot Spri (92240)
Zoning Assessor
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Monthly Total Fees $76
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $1,650
Listing Terms Cash, Conventional, Exchange, FHA, VA
Financing Conventional
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Bought with MARITZA GUTIERREZ • REALTY ONE GROUP HOMELINK