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2 Units - Cathedral City

Properties For Sale 2 Units - Cathedral City

2 Units - Cathedral City

33365 Pueblo Trail, Cathedral City 92234

DRIVE-BY ONLY. Do not disturb tenants. Tenants do not know the property is for sale. Interior inspection with accepted offer.

Offered at:
$529,000

Property Description

RE/MAX Commercial - Apartment Sales Division is pleased to present a impeccably kept property. Two large approx. 1,468 sq. ft. 2 bedrooms 2 bath units. Both units have fireplaces, high ceilings, 1 car garage and private patios. Rare opportunity to own a Residential Income Property in Cathedral City. This won't last. Close to shopping centers and minutes away from Palm Springs.

LIVING IN CATHEDRAL CITY

Cathedral City is a larger medium-sized city located in the state of California. With a population of 54,902 people and 14 constituent neighborhoods, Cathedral City is the 169th largest community in California.

Cathedral City is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Cathedral City is a city of service providers, sales and office workers, and professionals. There are especially a lot of people living in Cathedral City who work in food service (14.13%), sales jobs (12.20%), and maintenance occupations (11.83%).

The education level of Cathedral City citizens, measured as those with bachelor's degrees or advanced degrees, is similar to the national average for all American cities and towns. 19.78% of adults 25 and older in Cathedral City have a college degree.

The per capita income in Cathedral City in 2018 was $25,744, which is lower middle income relative to California, and middle income relative to the rest of the US. This equates to an annual income of $102,976 for a family of four. However, Cathedral City contains both very wealthy and poor people as well.

Income

One 2-Bedroom 2-Bath $1,265
One 2-Bedroom 2-Bath $1,295
Monthly Total $2,560

Cash Flow Analysis

Gross Scheduled Income $30,720
Operating Expenses $7,680
Net Operating Income $23,040

Acquisition Data

Down Payment $158,700 (30%)
Loan Amount $370,300 (70%)

Call or E Mail to request a Marketing Package and 10 Year Financial Analysis of this property. Marketing Package includes Complete Property Information, Sales and Rent Comparable Analysis. 10 Year Financial Analysis includes Complete Cash Flow Analysis, Itemized Expenses, Expected Cash Flow, Return on Initial Equity, Expected Gross Income Increase, Tax Benefits, Mortgage Principal Reduction, Expected Appreciation, Depreciation Analysis, Adjusted Cost Basis, Capital Gains Tax On Sale and more.

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