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RARE INVESTMENT OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with Shovel-Ready RTI Plans for additional development. All four homes are delivered Vacant and updated, with a long rental history and low vacancy. Each turn-key property consists of 2 Bedrooms and 1 Bath, and has its own private backyard space, parking, and shares a sparkling communal poolA true Oasis Compound. While the homes are ready to generate income NOW at a 5.5%- 5.8% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 (2 BD/1 BTH) homes/ADU's, for 6 total, creating an additional stream of income and a potential $15K in gross return at just today's market rates. This is a rare chance to create immediate cash flow with new tenants, live in one home and rent out others, and/or value-add with additional development and increased income. Get in before the $2.2B Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...
Property Type(s):
Residential Income
| Last Updated | 3/5/2025 | Tract | Panorama |
|---|---|---|---|
| Year Built | 1961 | Community | Cathedral City North |
| Garage Spaces | 4.0 | County | Riverside |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Refrigerator |
| AREA | Cathedral City North |
| GARAGE | Door-Multi, Garage, Guest, Yes |
| HEAT | Central |
| INTERIOR | Ceiling Fan(s) |
| LOT | 0.39 acre(s) |
| PARKING | Door-Multi,Garage,Guest |
| POOL | Yes |
| POOL DESCRIPTION | Fenced,In Ground,Private |
| STORIES | 1 |
| STYLE | Mid-Century Modern |
| SUBDIVISION | Panorama |
| ZONING | R1 |
Location
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Listed with Douglas Elliman
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