25
See all 25 photos
$539,900
Est. payment /mo
5 Beds
4 Baths
7,841 Sqft Lot
Price Dropped by $100K
66012 5th Street Desert Hot Springs, CA 92240
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW26092531
Bedrooms 5
Lot Size 7,841 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Versatile 3 Unit Property in Desert Hot Springs Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategyHouse-hack it; Hold it; Scale from it! The flexibility here is real.
Location
State CA
County Riverside
Zoning Assessor
Direction off the 62, turn on Pierson Blvd; then left on WEST Dr; to 5th Street
Interior
Heating Other/Remarks
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 639191026
Listed by Theresa DiCiolla, DRE#01858144 Allison James Estates & Homes
NEARBY SCHOOL & BUSINESS
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