66800 1st Street, Desert Hot Springs, CA 92240
- $975,000
- 10
- BD
- 10
- BA
- 4,300
- SqFt
- Sold Price
- $975,000
- List Price
- $1,050,000
- Closing Date
- Mar 01, 2023
- Status
- CLOSED
- MLS#
- 219088741
- Year Built
- 1965
- Bedrooms
- 10
- Bathrooms
- 10
- Living Sq. Ft
- 4,300
- Lot Size
- 10,454
- Days on Market
- 54
- Property Type
- Multifamily
- Neighborhood
- Not Applicable
Property Description
Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month leases and two of the studio units have been rented out as short term vacation rentals with AirBnB. There are a number of variations on ownership opportunities here: Of course, it could continue as operated, or an owner could live in one unit and rent out the others with the choice of any combination of long term and short term vacation rentals. Income, expenses and the rent roll is available upon request indicating a CAP rate of 6.45% under new ownership. Also available upon request are details of the AirBnB units as well as Income Summary Statements for those units. Don't miss out on this unique opportunity.
/u.realgeeks.media/desertsalesoffice/Martin_Morris__copy.png_copy_2.png)
Additional Information
- Land Lease Type
- Fee
- Appliances
- Dishwasher, Dryer, Gas Oven, Gas Range
- Pool
- Yes
- Pool Description
- Gunite, In Ground
- Heat
- Forced Air, Wall Furnace
- Cooling
- Air Conditioning, Central Air, Evaporative Cooling, Wall/Window Unit(s)
- Sewer
- In, Connected and Paid
Mortgage Calculator
Listing courtesy of Coldwell Banker Realty. Selling Office: .