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Positive Cash Flowing Investor Duplex

$675,000

33255 Cathedral Canyon Drive, Cathedral City, CA 92234

Active
Last Updated: 01/11/2024

3.97

Cap Rate

24,675

NOI

Details:
Cap Rate:    3.97%
NOI:    $24,675
Building Size:    2,404 sqft
Lot Area:    6,969 sqft
Occupancy:    100%
Class:    A
Units:    2
GRM:    19.42
Year Built:    1985
Price Per Sqft:    $291
Price Per Unit:    $349,500
Zoning:    R2
Floors:    1
Parking Spots:    6
Year Last Renovated:    2018
Highlights:
  • Tax Shield (write-off) - Talk to your CPA
  • Great Cash Flows
  • Excellent Investment Portfolio Addition
  • Separately Metered (Electric & Gas)
  • 1 Mile from Downtown & City Hall & Theatres
  • 2 Miles from the New Aqua Caliente Casino
  • 2 Car Garage Each Unit - Detached
  • 6 Car Parking Driveway
  • Good Unit Mix
Description:

Calling all investors and homeowners! We proudly present a well-maintained duplex with attractive desert landscaping in a beautiful part of Cathedral City. Located approximately 1 mile from downtown restaurants and shopping and less than 1.5 miles from the new Aqua Caliente Casino, each three-bedroom, two-bathroom unit includes a private two-car garage, laundry, central heat, and air, and a private backyard. The units have updated kitchens, appliances, and tile. Both are currently rented to long-term tenants month-to-month at below-market rents. 3+2 single-family homes are selling for $450K in this area – don't miss this opportunity to own your income-generating duplex.

Map:
Documents:
Title
Investment_Valuation___Mktg_33255_Cathedral_Canyon_Dr_.pdf
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Location
Gallery