$ 1,595,000
-
$1,595,000
Price -
8
Bed -
4
Bath -
4,900
SqFt
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About the Listing CLW-X70275 - CLW-C125890,CLW-L04755
RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $14-$15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the massive Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances: Dishwasher, Disposal, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 8
- Zoning: R1
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Door-Multi,Garage,Guest
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 675253030
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
68080 Risueno Rd Cathedral City, CA 92234
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