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66012 5th Street Desert Hot Springs CA 92240
Price $ 539,900
Listing ID SW26093702
Status Pending
Property Type Triplex
County Riverside
Neighborhood Other
Beds 5
Baths 4
House Size 2384
Year Built 1954
Days on website 27
Description
Versatile 3 Unit Property in Desert Hot Springs – Live In One, Rent the Other! Strong cash flow from day one. This well-maintained triplex delivers two leased units generating $3,900/month in current rental income, plus a third unit ready to occupy or lease at market rate of about $1,550/mo. — putting potential gross monthly income at $5,450! The unit mix is one 2 bedroom/2 bath leased at $1,975/mo, one 2 bedroom/1 bath leased at $1,925/mo, and a 1BD/1BA available for owner-occupancy or immediate rental. All units feature granite countertops, updated cabinetry, and tile flooring throughout. Major capital work is already done — the building was fully re-piped with PEX and outfitted with tankless water heaters in 2022, keeping maintenance costs low and protecting your investment for years ahead. No HOA. Lower property taxes. And located just 20 minutes from Palm Springs and the heart of the Coachella Valley — putting your tenants close to employment, entertainment, and everything the desert has to offer. The perfect strategy…House-hack it; Hold it; Scale from it! The flexibility here is real.
Location
Financial Information
List Price: $ 539900
Property Features
Community Features: Curbs, Sidewalks
High School District: Palm Springs Unified
Levels: One
Road Surface Type: Paved
Senior Community YN: false
Structure Type: Triplex
View: Neighborhood
Water Source: Public
High School District: Palm Springs Unified
Senior Community YN: false
MLS Area Major: 340 - Desert Hot Springs
City: Desert Hot Springs
Property/PHOTO-Jpeg/1158790422/2/Mjg4MC84MzgzLzIw/MjAvMTY2OTcvMTc3ODAxNjQxOQ/E88_l6GOag4aAdx2w5_qiwrYEmxXHSCLsZs3ScQZzuk Property/PHOTO-Jpeg/1158790422/3/Mjg4MC84MzgzLzIw/MjAvMTY2OTcvMTc3ODAxNjQxOQ/SzKnivmONG_TjqA3y04BKNfeCsWVLXA4qfFXkU0Rc40 Please note photos displayed were taken in 2022 prior to tenants taking occupancy. Please note photos displayed were taken in 2022 prior to tenants taking occupancy.