































Property Attributes
- MLS#CV20182465
- TypeIncome
- CountyRIVERSIDE
- CityThousand Palms
- AreaThousand Palms
- Zip92276
- StyleMixed Use
- Price$ 509,900
- Bedrooms6
- Full Bathrooms6
- Half Bathrooms0
- Lot Size7,405 SqFt
Listing Provided Courtesy Of:
MANLIO CEJA-GOMEZ with KELLER WILLIAMS COVINA.
Data Source:
CRMLS
Property Description
BACK ON THE MARKET WITH PRICE REDUCTION!!. BUYER DID NOT PERFORM. Savvy Investor/Developer with vision and ambitions WANTED!! This great property is seated right behind Ramon Rd, one of the major streets in Thousand Palms, Cathedral City and Rancho Mirage. Location is a PRIME!! just 5-10 minutes away from AGUA CALIENTE CASINO RESORT & SPA. There is major retailers within half a mile from this property; In & Out Burgers, Dennis Restaurant, Dominos Pizza, Del Taco, U.S. Postal Service, Arco Gas Station, and much more. Property is currently being used as a Multi-Unit but could also be used as a Hotel/Motel or AIRBNB Facility for those visitors that want the quietness this place can offer. You CANNOT miss this opportunity to acquire this place for what is worth!. Property Features: 6 Studio Units with Fully functional Kitchen with Fridge - Stove and Microwave, Full Bathroom and Closet. Each Unit is approx. 385 SF, Each Unit has its own Electrical Meter, Each Unit has its own Wall A/C unit. Some updates has been done and property is in TURN KEY conditions. There is One Propane Tank for all the units and One Water Meter. So, Stop Looking and Start Investing in this AWESOME Income Property!. SEE ATTACHED ESTIMATED FINANCIAL ANALYSIS WITH PROJECTED FUTURE RENTS AND SUPPLEMENTAL.
Price History | |
---|---|
9/15/2020 | Listed $509,900 |
General Features
Community Features | Street Lights |
---|---|
Cooling | Wall/Window Unit(s) |
Flooring | Tile |
Heating | None |
Interior Features | All Bedrooms Down |
Levels | One |
MLS Area | 320 - Thousand Palms |
Parking Features | Driveway Up Slope From Street |
Pool Features | None |
Property Attached Y/N | Yes |
Property SubType | Mixed Use |
Property Type | Residential Income |
Roof | Composition, Shingle |
Rooms | Bedroom |
Security Features | Carbon Monoxide Detector(s), Smoke Detector(s) |
Sewer | Septic Type Unknown |
Spa Features | None |
Terms | Cash, Cash to New Loan, Conventional, 1031 Exchange |
Total Actual Rent | 4579 |
Total Units | 6 |
Utilities | Cable Available, Electricity Connected, Propane, Water Connected |
View | None |
Water Sewer Expense | 540 |
Zoning | C-P-S |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Common Walls | 1 Common Wall |
Fireplace Features | None |
Laundry Features | None |
Exterior Features
Fencing | Block, Chain Link, Excellent Condition |
---|---|
Foundation Details | Slab |
Lot Features | 6-10 Units/Acre, No Landscaping, Near Public Transit |
Lot Size Acres | 0.17 |
Lot Size Area | 7405 |
Lot Size Source | Assessor |
Lot Size Square Feet | 7405 |
Lot Size Units | Square Feet |
Number of Buildings | 1 |
Number of Separate Electric Meters | 6 |
Number of Separate Gas Meters | 1 |
Number of Separate Water Meters | 1 |
Road Frontage Type | City Street |
Road Surface Type | Paved |
Water Source | Public |
Room Details
Room | Dimensions | Level | Flooring | Details |
---|---|---|---|---|
Bedroom |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool