Rare opportunity to own a vacant triplex at 29395 Avenida La Paz in Cathedral City delivered vacant and ready to rent at current market rates from day one! Unit mix includes two 3BD/2BA units and one 2BD/1BA unit with a bonus room, plus two separate 2-car garages adding tremendous… Read More tenant appeal. With strong rental demand across the Coachella Valley, the 3BD/2BA units have a rental potential of $2,500$3,500/month each and the 2BD/1BA with bonus room commanding $1,500$2,300/month this property has a potential gross monthly income of $6,500$10,300/month. Perfect for the seasoned investor looking to add a cash flowing asset to their portfolio, a first time investor ready to get into the market, or an owner-occupant looking to live in one unit while the other two units pay the mortgage. No inherited leases, no tenant transitions just close and start generating income immediately. Strong rental demand, rising rents, and a centrally located Coachella Valley address make this a compelling opportunity that will not last long. Read Less
Property listed by HomeSmart, Miguel Briones 310-259-7556
Listing Snapshot
Days Online
256
Last Updated
Beds
7
3/4 Baths
5
Square Ft.
4,442
Lot Size
0.19 Acres
Year Built
1990
MLS Number
26636901PS
Additional Details
Building
Built in 1990, Living area: 4442.0, 2 buildings, 2 stories, Levels: Two
Cooling
CentralAir
Garage
4 spaces
Heating
Central
Income
Gross Income: $3,700, Net Operating Income: $1,000
Lot
0.19 acres
Parking
2 open parking spaces, 6 total parking spaces, DoorMulti, Driveway, Garage
Taxes
Parcel Number: 675231029
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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