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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$ 650,000
Est. payment | /mo

7,405 Sqft Lot


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$ 650,000
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, inside and out!
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

Lease Land No

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

+1(949) 690-4106

dion@ocexcelgroup.com

344 3rd St, Beach, CA, 92651, United States

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66590 Joseph Way