66665 1st Street Desert Hot Springs, CA 92240
Listing Courtesy of: Desert Area MLS / Palm Desert / Douglas Fischer
$609,900
5
BED
5
BATH
2,000
SQFT

  66665 1st Street Desert Hot Springs, CA 92240

Active (326 Days)

Description

Well maintained fourplex with pool located near the heart of downtown Desert Hot Springs including a vacant lot adjacent next door west. Add more units or ADU (Accessory Dwelling Units) potential. New roof, replastered pool and remodeled units make for an interesting mix of long term tenants and short term vacation rentals. The property consists of one 2bd/2ba unit and three studio units. The studios, offered furnished, have been successfully rented on AirBnB with Property Management included in the sale if desired. CAP rate is 5.80% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term (see Projected Rent Roll). Income, Expenses, Rent Roll Statements, both current and projected, along with and AirBnB Transaction History and website links available upon request along with details regarding ADUs.

MLS #:
219070191
Type
Multifamily
Year Built
1962
County
Riverside County
Bathroom Details
  • Full Bathroom: 1
Interior Features
  • Dishwasher
  • Gas Range
  • Electric Range
Property Features
  • Foundation: Slab
Heating and Cooling
  • Central
  • Central Air
  • Electric
  • Other
  • Ceiling Fan(s)
  • Air Conditioning
Pool Information
  • Gunite
  • In Ground
  • Not Heated
Flooring
  • Ceramic Tile
Utility Information
  • Sewer: In, Connected and Paid
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 04, 2022
Price Changed
$609,900
-9%
-60,000
May 18, 2022
Price Changed
$669,900
-4%
-29,100
Oct 11, 2021
Original Price
$699,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.