66800 1st Street
66800 1st Street Desert Hot Springs, California 92240 United States

$1,050,000
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Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month...
$1,050,000
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971 m²
Exterior
Residential Income
Property type
1965
Year Built
219088741DA
Web Id
219088741DA
MLS ID
Not Applicable-1
Subdivision
Palm Springs Unified
School District
30
days ago

About 66800 1st Street

Unique 10-unit apartment building with 9-studio units and one 1-1bd/1ba unit, complete with an interior pool surrounded by units and fully enclosed. Talk about privacy! Eight of the units are rented long term with all tenants on month-to month leases and two of the studio units have been rented out as short term vacation rentals with AirBnB. There are a number of variations on ownership opportunities here: Of course, it could continue as operated, or an owner could live in one unit and rent out the others with the choice of any combination of long term and short term vacation rentals. Income, expenses and the rent roll is available upon request indicating a CAP rate of 6.45% under new ownership. Also available upon request are details of the AirBnB units as well as Income Summary Statements for those units. Don't miss out on this unique opportunity.

Listing Courtesy of Coldwell Banker Realty

Amenities

  • Dishwasher
  • Pool
  • Refrigerator

features

cooling
Electric, Propane Heating

PROPERTY INFORMATION

Appliances
Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water To Refrigerator, Water Heater
Cooling
Central Air, Evaporative Cooling, Wall/Window Unit(s)
Heating
Electric, Forced Air, Natural Gas, Wall Furnace
Parking Description
Side By Side, Unassigned
Pool
Gunite, In Ground

INTERIOR

Flooring
Tile

ADDITIONAL INFORMATION

Number of Units
10
Listing Courtesy of Coldwell Banker Realty
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