SOLD: $320,000 | 34930 Corregidor Dr, Cathedral City

 

(5) 1 bed.1ba. units. Older, in great condition, no deferred maintenance. All units individually metered for gas, water and electric. All permits available. One duplex completed 1961, one duplex completed in 1970. These units really are in GREAT condition. Very attractive floor plans with semi-private patios for each unit. Expenses that are stated are accurate and complete. Year Built - 1956Approx. Square Footage - 2954

Address:
34930 Corregidor Dr
Cathedral City, CA 92234



Monthly

Annually

Projected/Actual

Rents

3,150

37,800

Vacancy and Credit Loss

315

3,780

Gross Operating Income

2,835

35,020

Advertising

10

120

Cleaning

25

300

Gardening

50

600

Insurance

125

1,500

Repairs and Maint.

300

3,600

Property Taxes

280

3,360

Property Management

284

3,402

Utilities:

Trash

25

300

Water and Sewer

125

1,500

Total Operating Expenses

1,414

16,962

Net Operating Income

1,422

17,058


List Price: $325,000
Sold Price: $320,000
Status: Sold

Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca (http://www.buttecollegesbdc.com) along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.