68080 Risueno Rd - Multi-Family FOR SALE


Cathedral City, CA 92234- Palm Springs Panorama
$1,595,000 USD
805-469-6752
68080 Risueno Rd, Cathedral City, CA for Sale
$1,595,000 USD
Multi-Family - FOR SALE
1/8
null | 6.5% Cap Rate

68080 Risueno Rd
Cathedral City, CA 92234
Palm Springs Panorama


HIGHLIGHTS

  • 4 Turn-key, income producing Free-Standing Homes on one lot
  • RTI plans to add two more additional homes, for 6 total
  • Minutes from Palm Springs and the massive airport expansion project

OVERVIEW

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. All four existing units are turn-key. Only one home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key property has its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $14K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

4

PRICE/UNIT

$398,750

CAP RATE

6.5%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 turn-key Homes+ RTI Plans!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

-

APN/PARCEL ID

675-253-030

ASK ABOUT THIS PROPERTY

Spencer DaleySpencer DaleyMore Info
805-469-6752

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Spencer DaleySpencer DaleyMore Info
805-469-6752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.