66362 7th Street, Desert Hot Springs, CA 92240

About this property

Villa Fontana Apartments, Great Investment Opportunity, rare 10 unit apartment fully occupied, each unit has 1 bedroom, 1 bathroom, and kitchen with open great room for entertainment and eating, recently painted, new tile floors in all units, managed very well and well cared for! Each unit has an assigned parking space, every unit has a front door security screen and 2 security gates for main access into open courtyard, courtyard is great for entertainment, plenty of room for all tenants to relax and enjoy each others company, community coin-operated laundry room with extra storage closets for each unit and many more details. Net Operating income is currently $56,622.98, great cap rate of 9.84%. Do not disturb tenants, drive by only call Listing Agent Assistant Mitch for all details. Subject to cancellation of current escrow

Listing description from the September 2016 sale, as reported to CRMLS.

Sale history

$520,000

Sold September 2016 · listed $575,000, on market June 2016 · MLS #216019258DA · Source: CRMLS

Listing Agent: Jennifer Matthews · Listing Office: RE/MAX Consultants · Contact: (760) 346-0500 · Bought with: Brenda Fitch · Coldwell Banker Realty

$325,000

Sold August 2014 · listed $359,900, orig. $499,900, on market September 2013 · MLS #DC13190041 · Source: CRMLS

Listing Agent: ZACH HARRIS · Listing Office: Harcourts Prime Properties · Contact: 949-599-1700 · Bought with: ZACH HARRIS · Harcourts Prime Properties

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