68080 Risueno Road

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Source: California Regional MLS

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CLW-C125890 • CLW-L04755

RARE INVESTOR OPPORTUNITY- Introducing four turn-key, Free-standing Homes on two combined lots with RTI Plans for additional development. One home is currently Vacant and ready for market-rents. Long rental history and low vacancies. Each turn-key home consists of 2 BD, 1 BTH and its own private backyard space, parking, and shares a communal pool: A true Oasis Compound. While the homes are ready to generate income NOW at a 6.5% CAP, the fully entitled and approved plans allow the next owner to build an additional 2 homes, for 6 total, creating an additional stream of income and a potential $14-$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 massive Palm Springs Airport Expansion. The ultimate canvas for Real Estate Investors in a growing region...

68080 Risueno Road, Cathedral City, CA 92234

Market Report for 92234

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