CA > Cathedral City
Cathedral City, CA 92234,27700 Avenida Terrazo
Cathedral City, CA 92234,27700 Avenida Terrazo
Cathedral City, CA 92234,27700 Avenida Terrazo
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

The Warburton Team

+1(626) 630-2141
$1,680,000
Est. payment /mo
0.43 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219132613DA

HOA Y/N No

Year Built 1983

Lot Size 0.430 Acres

Property Description

Rare opportunity to acquire 7 single-story units on a quiet street in an up-and-coming residential neighborhood featuring newly remodeled larger, modern homes. The building has great curb appeal on a large lot that could potentially be further developed. There are 6, 1-bed 1-bath units and 1, 2-bed 2-bath unit. Each unit has a small enclosed front patio, adding to the desirability. Most units have thoroughly updated kitchens, flooring, air conditioning, and window treatments, and are contemporary, not dated. Bathrooms are modern, and each unit is kept painted. All 7 units have separate gas and electric meters. An on-site laundry provides additional income and attracts tenants. There are multiple long-term tenants. Proforma Rent 109,920 + Laundry 797.95 = 110717.95 Gross RevenueExpenses: Taxes - 22,086.16; Insurance 4,864.50; Electric 1,025.08; Gas - 1,254.01; Water - 886.27; Landscaping - 2,400 = 29,350.66 Total Expenses Net Income : 81,367.29

Location

State CA

County Riverside

Area 335 - Cathedral City North

Interior

Heating Central, Heat Pump

Cooling Central Air, Electric, Gas, Heat Pump

Flooring Tile

Fireplace No

Appliance Water Heater

Exterior

Parking Features Guest, Unassigned

View Y/N No

Private Pool No

Building

Story 1

Sewer Unknown

New Construction No

Others

Senior Community No

Tax ID 677173055

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Marc Grossman Grossman Real Estate

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