14
See all 14 photos
$1,595,000
Est. payment /mo
12 Beds
6 Baths
4,900 SqFt
Active
68080 Risueno RD Cathedral City, CA 92234
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,900 sqft
Price per Sqft $325
Subdivision Panorama
MLS Listing ID 25602401
Bedrooms 12
HOA Y/N No
Year Built 1962
Property Description
RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $14-$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 massive Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...
Location
State CA
County Riverside
Area 335 - Cathedral City North
Zoning R1
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Refrigerator
Exterior
Parking Features Door-Multi, Garage, Guest
Garage Spaces 4.0
Garage Description 4.0
Pool Fenced, In Ground, Private
Total Parking Spaces 8
Private Pool Yes
Building
Story 1
Entry Level One
Architectural Style Mid-Century Modern
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 675253030
Special Listing Condition Standard
Listed by Spencer Daley Sotheby's International Realty
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