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$1,800,000

Est. payment - /mo

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0.43 Acres Lot

Active

27700 Avenida Terrazo Cathedral City, CA 92234

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:54 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 219113170DA

HOA Y/N No

Year Built 1983

Annual Tax Amount $21,954

Lot Size 0.430 Acres

Property Description

Exceptional opportunity to acquire a 7 unit well maintained, multi-unit, rental property in a lovely residential neighborhood of single-family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities. There is also a common laundry room for the use of the tenants, which also generates additional income for the owner. This unique property, just off of Vista Chino is located close to all of the neighborhood amenities including shopping, entertainment and easy access to the freeway. A property of this type is a rarity in today's real estate market.

Location

State CA

County Riverside

Area 335 - Cathedral City North

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Flooring Tile

Inclusions All F, F & E in the units and laundry room owned by the seller.

Fireplace No

Appliance Gas Range, Gas Water Heater, Refrigerator

Exterior

Garage Other, Shared Driveway, On Street

View Y/N No

Roof Type Tile

Parking Type Other, Shared Driveway, On Street

Private Pool No

Building

Lot Description Paved, Rectangular Lot

Story 1

Entry Level One

Foundation Slab

Architectural Style Mediterranean

Level or Stories One

New Construction No

Others

HOA Name Utopia Management

Senior Community No

Tax ID 677173055

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Kurt Penn • Grossman Real Estate

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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