$ 850,000
-
$850,000
Price -
7
Bed -
5
Bath -
4,442
SqFt
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About the Listing CLW-4103 - CLW-50181,CDAR-02180608
Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long.
Listing Highlights
Status
Active
Days on Site
171
Property Type
Multi-Family
MLS ®
26636901PS
Year Built
1990
Total Square Footage
4,442
Lot/Acreage
0.19
County
Riverside
Interior Details
- Bedrooms: 7
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 6
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Door-Multi,Driveway,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 675231029
- Tax Year: N/A
Payment Calculator
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Questions About..
29395 Avenida La Paz Cathedral City, CA 92234
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