68080 Risueno Road, Cathedral City, CA 92234

  • $1,885,000
68080 Risueno Road, Cathedral City, CA 92234
Active
68080 Risueno Road, Cathedral City, CA 92234
68080 Risueno Road, Cathedral City, CA 92234
  • $1,885,000

Description

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…

  • Address 68080 Risueno Road
  • City Cathedral City
  • State/county CA
  • Zip/Postal Code 92234
  • Area Panorama
  • Country US

Details

Updated on March 13, 2025 at 12:28 pm
  • Property ID: 25507085
  • Price: $1,885,000
  • Property Size: 4900
  • Land Area: 0.39 Acres
  • Bedrooms: 12
  • Bathrooms: 6
  • Garages: 4.0
  • Garage Size: x x
  • Year Built: 1961
  • Property Type: Residential Income
  • Property Status: Active

Contact Information

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