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Desert Hot Springs,CA 92240
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,136 sqft
Price per Sqft $269
MLS Listing ID 219114370
Bedrooms 3
Full Baths 2
Year Built 2024
Lot Size 10,890 Sqft
Property Description
INVESTORS or LIVE IN A NEW HOME PLUS ADU CASH FLOW. One lot, - 2 homes= estimated GSI $67,200. Under construction on a 10,000sf lot, a new approx. 2136sf home & porch with Master Suite & a retreat, 2addl bedrooms and 2 ba. Master Bath with w/free stand tub, step in tile shower, A utility room with stack washer/dryer. Kitchen contains 28' stainless steal dbl door refrig, stainless steel Microwave, Gas Rang & oven w/stainless steel hood and dishwasher, A separate Dinning Room, Spacious Great Room. and ceiling fans throughout. AS AN ADDED FEATURE, There is an Opportunity to Rent ADU. This unit at an estimated Rate of $2200/$2400 per month on a Potential Estimated Income of $27,000 per year. THE STAND ALONE ADU BEING CONSTRUCTED ON THE LOT will feature a 966sf home with 3br/2ba. There is a Gazebo for relaxing, Washer/dryer, dishwasher, microwave, gas range/oven. All stainless steel appliances. Overhead fan throughout. INVESTMENT SCENARIO FOR BOTH HOMES.. RENTAL RATE. primary home $3200 x 12 = $38,400, Second Home $2400 x 12 = 28,800. Potential income $67,000 minus expenses $6,400, net income B-4 debt $57,440. New buyers have option to select their own finishes if under contract by 9-12-2024.
Sellers can assist in obtaining First Trust Deed. No seconds allowed,
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating Central
Cooling Air Conditioning,Ceiling Fan(s),Central Air,Electric
Exterior
Garage false
View Y/N true
View Desert,Mountain(s)
Building
Story 1
Sewer Public Hookup Available
Others
Acceptable Financing Cash to New Loan,Conventional
Listing Terms Cash to New Loan,Conventional
Special Listing Condition Standard