$575,000
$595,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
1,132 SqFt
SOLD DATE : 12/09/2024
Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,132 sqft
Price per Sqft $507
Subdivision Cathedral Springs
MLS Listing ID 219115581
Sold Date 12/09/24
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1986
Lot Size 8,276 Sqft
Property Sub-Type Duplex
Property Description
**9.65% CAP ON PROFORMA** This is a fantastic opportunity to purchase a value-add duplex with 62% upside in rents, consisting of 3Bedroom/2Bathroom units (1,131 sf each). The property was built in 1986 and is situated on a 8,276sf lot located just off Interstate 10 and close to downtown Palm Springs and everything the Coachella Valley has to offer.
Location
State CA
County Riverside
Area 335 - Cathedral City North
Interior
Heating Wall Furnace
Cooling Air Conditioning
Fireplace false
Exterior
Garage Spaces 2.0
View Y/N false
Private Pool No
Building
Story 1
Entry Level Ground
Sewer Other
Level or Stories Ground
Others
Senior Community No
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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