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9591 Palm Drive

Desert Hot Springs, CA 92240
  • $399,000
  • STATUS: Active Under Contract
  • ON SITE: 187 Days
  • MLS #: 219064910PS
Under Contract
$399,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:

School Ratings & Info

Listing Agent(s): Lisa Molinar of Compass ((760) 249-2120) and Jorge Sanchez of Compass((760) 249-2120)


Description

One of a kind investment opportunity in one of the best areas in Desert Hot Springs. This duplex property is great for a first time buyer and investor alike. This property will qualify for FHA financing for first time home buyer. Live in one unit while renting the other out for approximately $1500/month income. this duplex features a private backyard for both units, with one having an outdoor patio and plenty of parking space for yourself and your future tenant. To all the investors this is a possible 8.5% return on your investment.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/119366354
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9591 Palm Drive Desert Hot Springs, CA 92240

  • Price: $399,000
  • Status: Active Under Contract
  • On Site: 187 Days
  • MLS #: 219064910PS
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1987
Built
Neighborhood:
Not Applicable-1
County:
Riverside
Area:
340 - Desert Hot Springs
Property Description
One of a kind investment opportunity in one of the best areas in Desert Hot Springs. This duplex property is great for a first time buyer and investor alike. This property will qualify for FHA financing for first time home buyer. Live in one unit while renting the other out for approximately $1500/month income. this duplex features a private backyard for both units, with one having an outdoor patio and plenty of parking space for yourself and your future tenant. To all the investors this is a possible 8.5% return on your investment.
Exterior Features

Architectural Style Traditional Carport Spaces 0 Lot Features Yard Number Of Separate Electric Meters 2 Open Parking Spaces 0 Parking Features DrivewayOn Street Parking Total 3 Property Attached YN Yes Roof Tile View Mountain(S) View YN Yes

Interior Features

Appliances DishwasherDisposalGas OvenGas RangeGas Water HeaterMicrowaveRefrigeratorWater Heater Cooling Central Air Cooling YN Yes Flooring CarpetTile Heating CentralNatural Gas Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 8.5 Contingency Sale Disclosures Principal is Real Estate Licensed Garage YN Yes Insurance Expense 85 Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFhaSubmitVa Loan Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Other Expense 250 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 2750 Trash Expense 67 Water Sewer Expense 66



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-19T00:25:45.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Lisa Molinar of Compass ((760) 249-2120) and Jorge Sanchez of Compass((760) 249-2120)