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Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 1,131 sqft
Price per Sqft $508
MLS Listing ID 240019725
Sold Date 12/09/24
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1986
Property Description
**9.65% CAP ON PROFORMA** This is a fantastic opportunity to purchase a value-add duplex with 62% upside in rents, consisting of 3Bedroom/2Bathroom units (1,131 sf each). The property was built in 1986 and is situated on a 8,276sf lot located just off Interstate 10 and close to downtown Palm Springs and everything the Coachella Valley has to offer.
Location
State CA
County Riverside
Area Riv Cty-Cathedral City (92234)
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Stucco
Roof Type Tile/Clay
Building
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Other/Remarks
Space Rent $1,850
Listing Terms Other/Remarks
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscal.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Daniel Nguyen • Southland Realty