CA > Desert Hot Springs
Desert Hot Springs, CA 92240,66590 Joseph Way
Desert Hot Springs, CA 92240,66590 Joseph Way
Desert Hot Springs, CA 92240,66590 Joseph Way
Desert Hot Springs, CA 92240,66590 Joseph Way
Desert Hot Springs, CA 92240,66590 Joseph Way
Desert Hot Springs, CA 92240,66590 Joseph Way
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Cherie Young

Cherie Young

+1(760) 230-0927
$ 680,000
Est. payment | /mo

7,405 Sqft Lot

Save
$ 680,000
Est. payment | /mo
Save

7,405 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25235051

HOA Y/N No

Year Built 1986

Lot Size 7,405 Sqft

Property Sub-Type Triplex

Property Description

This is a very nice triplex! Freshly painted stucco building with tile roof. All units are 2 bedrooms 1 baths. Kitchens have been upgraded including cabinets and appliances. Ceiling fans throughout. Tile floors. One car garage for each unit. Central heated and air. All units separately metered with gas and electric that tenants sign up and pay for. Washer and dryer hookups in each unit. One block and walking distance to shopping. This complex really performs. Actual rents are almost at market! And at market rents, we're putting out, $75,600 Annual Gross Income, an impressive 8.99 Gross Rent Multiplier, a seldom seen this good 9.46% Cap Rate, and a robust 16.95% Cash on Cash return. Please see Supplements for details including rent roll, income, and expenses.
THESE UNITS ARE REALLY REALLY NICE, INSIDE AND OUT!!! Finally, we have two other triplexes like this that can be bought. Please call for details on a package deal!!!

Location

State CA

County Riverside

Area 340 - Desert Hot Springs

Interior

Heating Central

Fireplaces Type None

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Curbs, Gutter(s)

Total Parking Spaces 3

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 641291007

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Tony Burton Burton Commercial, Inc. 951-375-7433

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66590 Joseph Way