Tremendous opportunity! Looking for a resort property with lots of upside potential? Then no need to look further than this historic inn & Spa, with 4 1bedroom/1bath, 6 single-units, 1 cottage & a 2 bedroom owner's Unit, just waiting for a creative investor to make their entrepreneurial dreams come true.., Recently been renovated and adapted to multifamily. All units have kitchens and made livable by the current owner. A new owner may maintain the building as a motel. Operating as apartments, could achieve over a 10% cash-on-cash Annual return with very conservative realistic underwriting. City may prefer to operate it as motel which shall generate higher revenue. Showing by accepted offer. Property is sold "As Is". Owner makes no warranty of any kinds. Some units needs TLC. All units has its own kitchen, patio. A beautiful pool room, Breeze room, extra bath/kitchen, Giant yard, cottage are bonus of this resort. Please don't go inside property.

  • MLS# 18380246
  • Sub-Type Resale
  • Status Pending - Show
  • Year 1965
  • Days On Site 13
SQ Feet 5,400
Units 11
Building(s) 1
Listing Provided By:
Novin Kathy Golshani  of  Pacific Paradise Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $699,000
278.86%
$184,500 in 92240
this listing 5,400 SqFt
311.27%
1,313 SqFt in 92240
this listing $129 $/SqFt
7.88%
$141 $/SqFt in 92240
this listing 13 on site
62.50%
8 on site in 92240

Location

State CA
County Riverside
City Desert Hot Springs
Zip Code 92240
Area 340 - Desert Hot Springs

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