27700 Avenida Terrazo, Cathedral City, CA 92234, USA
27700 Avenida Terrazo, Cathedral City, CA 92234, USABasics
- Date added: Added 4 weeks ago
- Category: Residential Income
- Type: Apartment
- Status: Active
- Bedrooms: 8
- Bathrooms: 7
- Area: 4850 sq ft
- Lot size: 18731 sq ft
- Year built: 1983
- Subdivision Name: Rio Vista
- Lot Size Acres: 0 acres
- County: Riverside
- Land Type: Fee
- MLS ID: 219132613
Description
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Description:
Rare opportunity to acquire 7 single-story units on a quiet street in an up-and-coming residential neighborhood featuring newly remodeled larger, modern homes. The building has great curb appeal on a large lot that could potentially be further developed. There are 6, 1-bed 1-bath units and 1, 2-bed 2-bath unit. Each unit has a small enclosed front patio, adding to the desirability. Most units have thoroughly updated kitchens, flooring, air conditioning, and window treatments, and are contemporary, not dated. Bathrooms are modern, and each unit is kept painted. All 7 units have separate gas and electric meters. An on-site laundry provides additional income and attracts tenants. There are multiple long-term tenants.
Proforma Rent 109,920 + Laundry 797.95 = 110717.95 Gross Revenue
Expenses: Taxes - 22,086.16; Insurance 4,864.50; Electric 1,025.08; Gas - 1,254.01; Water - 886.27; Landscaping - 2,400 = 29,350.66 Total Expenses
Net Income : 81,367.29
Show all description
Location
Building Details
- Cooling features: Air Conditioning, Central Air, Electric, Gas, Heat Pump
- Building Area Total: 4850 sq ft
- Garage spaces: 0
- Sewer: Unknown
- Heating: Central, Heat Pump
- Levels: Ground
- Carport Spaces: 0
Amenities & Features
- Flooring: Tile
- Parking Features: Guest, Unassigned
Miscellaneous
- CrossStreet: Vista Chino and Landau Road
- Listing Terms: 1031 Exchange, Conventional
- Special Listing Conditions: Standard
Courtesy of
- List Office Name: Grossman Real Estate
