37187 Bankside Drive

    Cathedral City, CA 92234
    • $625,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 219022893
    $625,000
    • 8
      BEDS
    • 0.25
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 3,200
      SQFT
    • $195
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    School District:

    Description

    A Great find. Four-plex of all 2BR/2BA units (approx. 800sf ea) in South Cathedral City, produces a steady stream of income. Current rents are $875/per unit. Upside potential of $925-$950/m. Each home has 2 parking spaces, a courtyard entrance (think private compound) for all units and a laundry room for all residence use (currently non-coin operated). The owner has continued to make improvements in recent years, replacing carpets and tile, connected to sewer and installing new heat pumps on the roof as needed. Replaced the roof 5 years ago approx. Property location is a desirable South Cathedral City Cove. Backing to the Santa Rosa Mountain Range provides views and privacy.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2019-10-13T23:35:09.763. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.bradschmett.net/homes/98709684

    37187 Bankside Drive Cathedral City, CA 92234

    • Price: $625,000
    • Status: Active
    • MLS #: 219022893
    8
    Beds
    8
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,200
    SQFT
    $195
    $/SQFT
    1970
    Built
    Neighborhood:
    Not Applicable
    County:
    Riverside
    Area:
    336 - Cathedral City South
    School District:
    Palm Springs Unified
    Property Description
    A Great find. Four-plex of all 2BR/2BA units (approx. 800sf ea) in South Cathedral City, produces a steady stream of income. Current rents are $875/per unit. Upside potential of $925-$950/m. Each home has 2 parking spaces, a courtyard entrance (think private compound) for all units and a laundry room for all residence use (currently non-coin operated). The owner has continued to make improvements in recent years, replacing carpets and tile, connected to sewer and installing new heat pumps on the roof as needed. Replaced the roof 5 years ago approx. Property location is a desirable South Cathedral City Cove. Backing to the Santa Rosa Mountain Range provides views and privacy.
    Exterior Features

    Building Style Mid Century Casita Guesthouse None Exterior Construction Stucco Foundation Slab Gated Community No Levels GroundGround LevelNo Unit Above Parking Driveway Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 8.00 Total Uncovered Assigned Spaces 8.00 View Yes View Type Mountain(S)

    Interior Features

    Cooling Type Heat Pump Fireplace No Flooring CarpetTile Heating Forced AirHeat Pump Heating Fuel Electric Rooms Dining Area

    Property Features

    Annual Tax Amount 6858.00 Disclosures Owner Has Real Estate License Gross Annual Income Amount 42000.00 Included In Sale Refrigerators Owned By Seller. Washer/Dryer in Separate Area (Communal) Owned By Seller. Land Type Fee Simple Laundry Yes Laundry Equipment Own Laundry Location Community Listing Terms CashCash To New Loan Monthly Gross Income Amount 3500.00 Number Of Units Leased 4 Owner Pays GardenerWater Pool No Private Transfer Tax No Property Attached Detached Attached Sale Type Standard Security Safety Other Senior Community No Sewer InConnected And Paid Spa Hot Tub No Tax Mello Roos Unknown Tax Rate Year 2018 Tax Year 2018 Tenant Pays Cable TvElectricityGas Total Annual Operating Expenses Amount 11000.00 Total Taxes Amount 6858.00 Tv Services Cable Tv Water Water District Water District Name Cvwd Water Heater Yes Water Heater Feature Electric

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of Roseanne Foxx of Bennion Deville Homes.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Based on information from the California Desert Association of Realtors as of 2019-10-13T23:35:09.763. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Brad Schmett Real Estate Group
    760-880-5845
    La Quinta and Palm Springs CA,