$1,788,000

68080 Risueno Rd , Cathedral City, CA 92234

 
Bedrooms:12 beds
Bathrooms:0 baths
(None specified):4,900 sqft
Lot:0.18
Year Built:1961
Listing Status:Active

Listing Agent

Spencer Daley
http://www.elliman.com
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Description

Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. Currently, 2 out of the 4 units are delivered vacant, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has their own private backyard space, parking, and shares a sparkling communal pool. A true Oasis Compound. While the homes are ready to generate income NOW at close to 6% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

Detailed Items

Other Information

68080 Risueno Rd, Cathedral City, CA, 92234 is a (none specified) listing of 4,900 sqft on a lot of 0.18. This (none specified) listing has 12 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property68080 Risueno Rd, Cathedral City, CA
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