SOLD: $211,500 | 32980 Cathedral Canyon, Cathedral City

 

Four units, all detached. $441,000.
Multi-Family 100% occupied. Two separate parcels contiguous. 

Address: 
32980 Cathedral Canyon
Cathedral City, CA 92234



INCOME

Monthly

Annually

Gross Rents

$1,575

$18,900

Vacancy and Credit Loss

$79

$945

5% reflects market vacancy rate.

GROSS OPERATING INCOME

$1,496

$17,955

EXPENSES

Advertising

$0

Cleaning

$0

Gardening

$50

$600

Sewer

$0

Insurance

$75

$900

Legal Fees

$0

Licenses and Permits

$0

Pest Control

$0

Repairs & Maint.

$300

$3,600

Pool Service

$0

Property Taxes

$220

$2,640

projected on 1.3M.

Property Management

$120

$1,436

Utilities:

Trash

$25

$300

Water

$40

$480

Gas and Electric

$0

TOTAL OPERATING EXPENSES

$830

$9,956

53% of Gross Rents

NET OPERATING INCOME

$667

$7,999

$219,000


List Price: $441,000
Cap Rate: 3.7%
Status: Closed
Closed on 10-28-15