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Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 2,268 sqft
Price per Sqft $233
Subdivision Thousand Palms (32004)
MLS Listing ID CV21119998
Sold Date 08/09/21
HOA Y/N No
Year Built 1966
Lot Size 7,405 Sqft
Acres 0.17
Property Description
Looking for the SAVVY investor with vision and ambitions!. This property is located on a PRIME area, nearby major retailers, Hotels, Shopping Malls, Gas Stations, 10 Fyw and Agua Caliente Resort & Casino. You CAN'T go wrong with this property. All units are FULLY occupied and producing awesome income with upside potential to produce even more. Population has been increasing in the last 5 years and that only means better income in the near future. If you are serious about investing in your retirement then, this is for you!. Property is currently used as a Multi-Family Residential Studio Units with long term tenants. Property Features; 6 Studio Units with fully functional kitchen including Fridge, Stove Microwave, full bathroom, and closet plus a service room. Each unit has its own A/C unit, Each unit is approximately 385 SqFt. living space plus there is a back yard where you can place a Shed for additional storage and income. Total of Three units have been recently updated and property is in TURN KEY Conditions. So, STOP looking and START investing in this AWESOME Income Property!! See the supplements section for additional accurate information.
Location
State CA
County Riverside
Area 320 - Thousand Palms
Zoning C-P-S
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating None
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Gas Range, Microwave, Refrigerator
Laundry None
Exterior
Fence Brick, Chain Link, Good Condition
Pool None
Community Features Biking, Street Lights
Utilities Available Electricity Available, Natural Gas Not Available, Propane, Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Composition,Shingle
Accessibility No Stairs, Parking
Private Pool No
Building
Lot Description Near Public Transit
Story One
Entry Level One
Sewer Septic Type Unknown
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 650164005
Energy Description 4500.0
Acceptable Financing Cash, Cash to New Loan, Conventional, USDA Loan
Listing Terms Cash, Cash to New Loan, Conventional, USDA Loan
Financing Conventional
Special Listing Condition Standard
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