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GREAT INVESTMENT - "CASHFLOWING" PROPERTY
Pete Newcome
707-799-5299/cell
San Rafael, CA
CA - DRE# - 01281179
http://wholesalepropsbypete.com
10-UNIT - $440,000 - 100%-OCCUP. - $5,000/MTH. INCOME DESERT HOT SPRINGS (BY PALM SPRINGS)
DESCRIPTION
Located in great area of Desert Hot Springs. 10 units (*8 studio and 2-1bedroom apts.) Pool Gates and secure complex Separate electric meters THIS PROPERTY IS PERFECT FOR AN ASSISTED LIVING CENTER Apartments sit on 2 of 3 lots...extra buildable lot with all utilities included in sale. Owner has a 1st which is currently 3.2% assumable. Owners payments are currently $1700.mo Taxes $6000yr Monthly rent roll $5000. They are 100% occupied !!! $$$ THIS PROPERTY HAS POSITIVE CASH FLOW!!! 35k down and owner will carry a 2nd! This property is a steal. Owner is selling because he work's in LA Owner is in Palm Springs on weekends and would be happy to show them. |
PROPERTY FEATURES Apartments sit on 2 of 3 lots...extra buildable lot with all utilities included in sale. | | |
LOCATION FEATURES Desert Hot Springs, part of the Palm Springs Desert Resorts, is located 112 miles from Los Angeles | |
OTHER SPECIAL FEATURES With warm, sunny, clear and dry days. There are more than 330 days of sunshine per year. | |
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