70265 Aurora Rd - Residential Income FOR SALE


Desert Hot Springs, CA 92241
$945,000 USD
760-668-3397
70265 Aurora Rd, Desert Hot Springs, CA for Sale
$945,000 USD
Residential Income - FOR SALE
1/19
null | 7.41% Cap Rate

70265 Aurora Rd
Desert Hot Springs, CA 92241


HIGHLIGHTS

  • Sale-leaseback at +7% CAP rate!
  • Located within the mineral springs region of Desert Hot Springs
  • Indoor Pool + Separate Multipurpose Building
  • Amazing Views of San Jacinto Mountains
  • Gated entrance

OVERVIEW

Wilson Meade Commercial is pleased to present the opportunity to acquire 70265 Aurora Road - an income producing residential asset along with a freestanding indoor pool, shaded gazebo, and a detached multipurpose building formerly used as a church. The primary residence consists of a two story 5-bed/ 4-bath home currently operating as a duplex, with separate entrances to both the upstairs floor and ground level floor. The seller is willing to execute a triple net leaseback at $70,000 per year - allowing new ownership to enjoy immediate income at a 7.41% CAP rate. Call broker for more details!

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

W-2

APN/PARCEL ID

654-200-057

ASK ABOUT THIS PROPERTY

Heath WilsonWilson Meade Commercial Real EstateMore Info
760-668-3397

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Heath WilsonWilson Meade Commercial Real EstateMore Info
760-668-3397

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