66590 Joseph Way, Desert Hot Springs, CA 92240

REQUEST A TOUR

Tue

Oct

Wed

Oct

Thu

Oct

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$650,000

Est. payment - /mo

2 Beds

7,405 Sqft Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25235051

Bedrooms 2

Lot Size 7,405 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

This is a very nice triplex, inside and out! Freshly painted stucco building with tile roof. Newer special engineered wood flooring. AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!! All units are 2 bedrooms 1 baths. Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout. Each unit has it's own private fenced yard area! One car garage for each unit. Central heating and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. Walk in closets for each unit!!! This complex really performs! Please see directly below! At ACTUAL RENTS, we're putting out $60,480 annual gross income, an impressive 10.75 Gross Rent Multiplier, a much better than market 7.62% Cap Rate, and a robust 11.21% Cash on Cash Return!! At MARKET RENTS, we're putting out, $75,600 Annual Gross Income, an eye opening 8.60 Gross Rent Multiplier, a seldom seen near double digit 9.94% Cap Rate, and an incredible 19.37% Cash on Cash return. Please see MARKETING PACKAGE in SUPPLEMENTS for details including rent roll, income, and expenses. Finally, we have two other triplexes like this that can be bought.

Location

State CA

County Riverside

Zoning Assessor

Direction Palm to Ironwood to Joseph

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 641291007

Read Less Info

Listed by Tony Burton Burton Commercial, Inc.

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get Pre-Approved

in Minutes!

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of #seller_variable# (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website.

66590 Joseph Way Desert Hot Springs, CA 92240