10-UNIT - $440,000 - 100%-OCCUP. - $5,000/MTH. INCOME - DESERT HOT SPRINGS (BY PALM SPRINGS)

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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

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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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