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 Details
Price:
$1,885,000
MLS #:
25507085
Status:
Active
Baths:
0
Address:
68080 Risueno Road
Type:
Residential Income
Subdivision:
Panorama
Neighborhood:
335cathedralcitynorth
City:
Cathedral City
Listed Date:
Mar 5, 2025
State:
CA
ZIP:
92234
Lot Size:
16,988 sqft / 0.39 acres (approx)
Year Built:
1961
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Schools
Interior
Appliances
Dishwasher, Disposal, Refrigerator
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Garage Spaces
4.00
Parking Features
Garage – Two Door, Guest
Parking Spots
8.00
Pool Features
In Ground, Fenced, Private
Spa Features
None
Stories Total
1
Financial
Map
Community
- Address68080 Risueno Road Cathedral City CA
- Area335 – Cathedral City North
- SubdivisionPanorama
- CityCathedral City
- CountyRiverside
- Zip Code92234
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68080 Risueno Road
Cathedral City, CA
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