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    72795 Datil Way

    Thousand Palms, CA 92276
    • $509,900
    • STATUS: Active
    • ON SITE: 220 days
    • ID#: CV20182465
    UPDATED: 86 min ago
    $509,900
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,268
      SQFT
    • $225
      $/SQFT
    Neighborhood:
    320 - Thousand Palms
    Type:
    Multi-Family
    Built:
    1966
    County:
    Riverside
    Area:
    320 - Thousand Palms

    School Ratings & Info

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    Description

    BACK ON THE MARKET WITH PRICE REDUCTION!!. BUYER DID NOT PERFORM. Savvy Investor/Developer with vision and ambitions WANTED!! This great property is seated right behind Ramon Rd, one of the major streets in Thousand Palms, Cathedral City and Rancho Mirage. Location is a PRIME!! just 5-10 minutes away from AGUA CALIENTE CASINO RESORT & SPA. There is major retailers within half a mile from this property; In & Out Burgers, Dennis Restaurant, Dominos Pizza, Del Taco, U.S. Postal Service, Arco Gas Station, and much more. Property is currently being used as a Multi-Unit but could also be used as a Hotel/Motel or AIRBNB Facility for those visitors that want the quietness this place can offer. You CANNOT miss this opportunity to acquire this place for what is worth!. Property Features: 6 Studio Units with Fully functional Kitchen with Fridge - Stove and Microwave, Full Bathroom and Closet. Each Unit is approx. 385 SF, Each Unit has its own Electrical Meter, Each Unit has its own Wall A/C unit. Some updates has been done and property is in TURN KEY conditions. There is One Propane Tank for all the units and One Water Meter. So, Stop Looking and Start Investing in this AWESOME Income Property!. SEE ATTACHED ESTIMATED FINANCIAL ANALYSIS WITH PROJECTED FUTURE RENTS AND SUPPLEMENTAL.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/109653717
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    72795 Datil Way Thousand Palms, CA 92276

    • Price: $509,900
    • Status: Active
    • Updated: 86 min ago
    • ID#: CV20182465
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,268
    SQFT
    $225
    $/SQFT
    1966
    Built
    Neighborhood:
    320 - Thousand Palms
    County:
    Riverside
    Area:
    320 - Thousand Palms
    Property Description
    BACK ON THE MARKET WITH PRICE REDUCTION!!. BUYER DID NOT PERFORM. Savvy Investor/Developer with vision and ambitions WANTED!! This great property is seated right behind Ramon Rd, one of the major streets in Thousand Palms, Cathedral City and Rancho Mirage. Location is a PRIME!! just 5-10 minutes away from AGUA CALIENTE CASINO RESORT & SPA. There is major retailers within half a mile from this property; In & Out Burgers, Dennis Restaurant, Dominos Pizza, Del Taco, U.S. Postal Service, Arco Gas Station, and much more. Property is currently being used as a Multi-Unit but could also be used as a Hotel/Motel or AIRBNB Facility for those visitors that want the quietness this place can offer. You CANNOT miss this opportunity to acquire this place for what is worth!. Property Features: 6 Studio Units with Fully functional Kitchen with Fridge - Stove and Microwave, Full Bathroom and Closet. Each Unit is approx. 385 SF, Each Unit has its own Electrical Meter, Each Unit has its own Wall A/C unit. Some updates has been done and property is in TURN KEY conditions. There is One Propane Tank for all the units and One Water Meter. So, Stop Looking and Start Investing in this AWESOME Income Property!. SEE ATTACHED ESTIMATED FINANCIAL ANALYSIS WITH PROJECTED FUTURE RENTS AND SUPPLEMENTAL.
    Exterior Features

    Fence YN Yes Fencing BlockChain LinkExcellent Condition Foundation Details Slab Garage Spaces 0.00 Lot Features 6-10 Units/AcreNear Public TransitNo Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Up Slope From Street Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof CompositionShingle Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances None Appliances YN No Average Studio Area 385 Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating None Heating YN No Laundry Features None Levels One Room Type All Bedrooms Down

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 7.20 Community Features Street Lights Country Us Current Financing Conventional Electric Expense 5400.00 Elevation Units Feet Fuel Expense 2400.00 Gross Income 0.00 Gross Multiplier 10.51 Gross Scheduled Income 54950.00 Insurance Expense 1650.00 Land Lease YN No Laundry YN No Net Operating Income 38515.00 New Construction YN No New Taxes Expense 5185.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 6 Number Wall AC 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 16435.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Tenant Pays Cable TvTelephone Total Actual Rent 4579.00 Total Expenses 16435.00 Trash Expense 1260.00 Utilities Cable AvailableElectricity ConnectedPropaneWater Connected Water Sewer Expense 540.00 Water Source Public Year Built Source Assessor Zoning C-P-S

    Listing provided courtesy of Manlio Ceja-Gomez of Keller Williams Covina


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Mission Viejo CA, 92691