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$850,000
Est. payment /mo
7 Beds
5 Baths
4,442 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,442 sqft
Price per Sqft $191
MLS Listing ID 26636901PS
Bedrooms 7
HOA Y/N No
Year Built 1990
Lot Size 8,276 Sqft
Property Description
Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.
Location
State CA
County Riverside
Area 335 - Cathedral City North
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Door-Multi, Driveway, Garage
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 675231029
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
Special Listing Condition Standard
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Listed by Miguel Briones HomeSmart #01705617
NEARBY SCHOOL & BUSINESS
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