Duplex
Listing Agent: Timothy Austin (DRE #01196088) · Listing Office: Broker Groves, Inc · Contact: 619-519-4453 · Bought with: Sean Hwangbo · REALTY ONE GROUP WEST · MLS #PW23131607 · Source: CRMLS
Excellent Investor Opportunity: $64,200 Annual Income. $5350.00 monthly rental income. GRM 12%. Low Operating Expenses $14,466 Profitable NOI $49734.00. 2-unit Duplex 6 bedrooms 4 full bathrooms both have large 2-car garages with additional driveway parking spots. Renovated and updated July 2023, 100% occupied with new 12-month leases as of July and August 2023. The renovation includes New Roof, all new paint both interior and exterior, each unit has all appliances, a Private Washer & Dryer included in the garage, ceiling fans in the living rooms and some bedrooms, newer bathroom vanities, and LED lighting inside and out. Special Features: Spacious private backyards, maintenance-free front patio play or dining area, and new landscaping. Great location, easy access to all major roads and highways throughout the Coachella Valley, and strong employment opportunities. The neighborhood includes beautiful parks, schools, shopping, entertainment centers for easy living, a nearby casino, and golf courses. High demand for rental housing, and long-term multiple-year tenancies are common in this area.
Listing description from the September 2023 sale, as reported to CRMLS.