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listing
1 of 18
Residential IncomeFor Sale
$1,885,000
68080 Risueno Road
Cathedral City, CA 92234
Listing Office: Douglas Elliman
MLS: California Regional MLS (CRMLS)
12Beds
6Baths
4,900Sq Ft
Est. Mortgage
$9,830/mo

RARE INVESTMENT OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. All four homes are delivered Vacant and updated, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has its own private backyard space, parking, and shares a sparkling communal poolA true Oasis Compound. While the homes are ready to generate income NOW at a 5.5%- 5.8% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

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Information courtesy of Douglas Elliman is subject to verification and is not guaranteed.
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