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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 5.38% with both long term tenant and short term vacation rental income. Continue with mixed use or rent all units long term. Income, expenses, rent roll and AirBnB Transaction History and website links available upon request along with details regarding ADUs. Back on the market due to buyer being unable to perform.
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Listing Agent: Doug Fischer 01299270 Courtesy of: Coldwell Banker Realty "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 25th June, 2022 1:38 AM (UTC)
