66590 Joseph Way Desert Hot Springs, CA 92240
7,405 Sqft Lot
UPDATED:
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
Freshly painted stucco building with tile roof.
Newer special engineered wood flooring.
AND ALL UNITS HAVE THEIR OWN SEPARATE WATER METER!! SO YOU CAN MAKE EACH TENANT PAY THEIR OWN WATER BILL!!!!
All units are 2 bedrooms 1 baths.
Kitchens have been upgraded including newer counter tops, cabinets and appliances. Ceiling fans throughout.
Each unit has it's own private fenced yard area!
One car garage for each unit.
Central heating 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.
Walk in closets for each unit!!!
This complex really performs! Please see directly below!
At ACTUAL RENTS, we're putting out $60,480 annual gross income, an impressive 10.75 Gross Rent Multiplier, a much better than market 7.62% Cap Rate, and a robust 11.21% Cash on Cash Return!!
At MARKET RENTS, we're putting out, $75,600 Annual Gross Income, an eye opening 8.60 Gross Rent Multiplier, a seldom seen near double digit 9.94% Cap Rate, and an incredible 19.37% Cash on Cash return.
Please see MARKETING PACKAGE in SUPPLEMENTS for details including rent roll, income, and expenses.
Finally, we have two other triplexes like this that can be bought.
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
