Desert Hot Springs, CA 92240 11583 Cactus Drive
$650,000
0 more
Presented By: Kate Rust with Wilson-Meade Commercial Real Estate;
Year Built • 1956
Home Details
Great opportunity to own stabilized triplex with future upside in the income potential from increased rents and implementation of RUB's collection for utilities. The property is located on the corner of Cactus Drive and 3rd street, just blocks from downtown Desert Hot Springs. There is a good mix of units including a three (3) bedroom, two (2)bath, two (2) bedroom, one (1) bath, and a one (1) bedroom, one (1) bath which are all currently occupied. Each unit enjoys tile flooring, desert landscaping and an owned solar system that has been covering all electrical costs. Please do not disturb tenants, reach out to Broker formore information.
Presented By: Kate Rust with Wilson-Meade Commercial Real Estate;
Interior Features for 11583 Cactus Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Total Stories2
General for 11583 Cactus Drive
Additional Parcels Y/NNo
AppliancesGasRange, WaterHeater
Attached Garage No
Cap Rate5.7
Carport Spaces0.0
Carport Y/NNo
CityDesert Hot Springs
CoolingCentralAir
CountyRiverside
DirectionsFrom I-10 travel North on Palm Drive to 3rd ST. travel west on 3rd Street. Property is located on the NWC of Cactus and 3rd.
Electric Expense0.0
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingCentral
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, VaLoan
Lot Size Square Feet9583.0
Lot Size UnitsSquareFeet
MLS Area340 - Desert Hot Springs
MobileHomeRemainsYNNo
Net Operating Income37077.0
New ConstructionNo
Number Of Units Total3
Open Parking Spaces0.0
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameNot Applicable-1
Tenant PaysCableTv
Total Actual Rent4379.0
Trash Expense2064.0
Water Sewer Expense1612.0
Waterfront Y/NNo
Year Built1956
Year Built SourceAssessor
Exterior for 11583 Cactus Drive
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, Paved, Yard
Lot Size Acres0.22
Lot Size Area9583.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, OnStreet
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
