37187 Bankside Dr, CATHEDRAL CITY, 92234

Residential Income - Fourplex For Sale

$625,000

8Beds
8Baths
3,200Sqft
¼Acres
1970Built
56DOM
MLS® #: 219022893DA
Active, 56 Days on Market

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 (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.

Essential Information

MLS® #: 219022893DA
Price: $625,000
Bedrooms: 8
Bathrooms: 8.00
Square Footage: 3,200
Acres: 0.25
Year Built: 1970
Type: Residential Income
Sub-Type: Fourplex
Status: Active

Community Information

Address: 37187 Bankside Dr
Area: Cathedral City South
City: CATHEDRAL CITY
County: Riverside
State: CA
Zip Code: 92234

Amenities

Parking Spaces: 8
Garages: Driveway
View: Mountains

Interior

Interior: Carpet, Tile
Heating: Electric, Forced Air, Heat Pump
Cooling: Heat Pump(s)
# of Stories: 1

Exterior

Exterior: Stucco
Construction: Stucco
Foundation: Foundation - Concrete Slab

School Information

District: Palm Springs Unified

Additional Information

Date Listed: August 22nd, 2019
Days on Market: 56

Listing Details

Listing Agent: Roseanne Foxx (01111579)
Contact Ron Parks: Phone: 760-883-8613

Financials

$/SqFt: $195
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