$ 446,000
-
$446,000
Price -
3
Bed -
3
Bath -
1,500
SqFt
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About the Listing DML-oD22725 - DML-D82613,DML-D79679
Income Property in Desert Hot Springs - Fully Occupied & UpdatedExcellent investment opportunity in the heart of Desert Hot Springs. This fully occupied income property features market-rate rents and recent improvements, including two updated units and fresh exterior paint on both buildings.The property consists of three units:Unit A: 1-bedroom, 1-bath.Unit B: 1-bedroom, 1-bath.Unit C: 1-bedroom, 1-bath.With limited available rentals and a growing Coachella Valley, this property offers strong rental demand and stability. Ideally located near downtown Desert Hot Springs, tenants enjoy convenient access to schools, shopping, freeways, and community amenities, all within close proximity to the town center.Unit A - $1350 Monthly,Unit B - $1150 Monthly,Unit C - $1150 Monthly,Total 2025 Revenue $32,634.00.2025 General Expenses $14,687.98.2025 Prop Taxes $5110.00.Renovations - 6577.49.Proforma 2026 Revenue $43,800.00.Pro forma Expenses $15140.00.Pro forma Prop Taxes $5575.00.Cap rate of 5.18%.Price Per unit - $148,667 .A solid opportunity for investors seeking immediate cash flow with upside potential in a growing market.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Multi-Family
MLS ®
219142976DA
Year Built
1942
Total Square Footage
1,500
Lot/Acreage
N/A
County
Riverside
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Wall/Window
- Heating: Central
- Fireplaces:
- Floor: Mixed
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Great Room
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof:
- Others:
- Sewer: In Street Paid
- Parking Features: Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
66338 2nd St St Desert Hot Springs, CA 92240
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