SOLD: $375,000 | 68480 Kings Road, Cathedral City
/Seven (7) two bedroom, one bath units. 800/900 sq.ft. Tile floors in all but one unit. Most units have been redone. Attractive curb appeal, two story building. Off street parking.
Address:
68480 Kings Road
Cathedral City, CA 92234
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Rents | 5,250 | 63,000 | |
Vacancy and Credit Loss | 525 | 6,300 | 10% projected |
Gross Operating Income | 4,725 | 56,700 | |
Advertising | 25 | 300 | Projected |
Cleaning | 0 | 0 | |
Gardening | 125 | 1,500 | Projected |
Insurance | 200 | 2,400 | Projected |
Licenses and Permits | 50 | 600 | Projected |
Pest Control | 37 | 444 | Projected |
Repairs and Maint. | 500 | 6,000 | Projected |
Property Taxes | 752 | 9,024 | Projected |
1915 Bond Assessment | 489 | 5,868 | Actual |
Property Management | 473 | 5,670 | 10% gross rents collected |
Utilities: | |||
Trash | 97 | 1,164 | Projected |
Water and Sewer | 100 | 1,200 | Projected |
Gas | 25 | 300 | Projected |
Electric | 25 | 300 | Projected |
Supplies | 30 | 360 | Projected |
Total Operating Expenses | 2,928 | 35,130 | |
Net Operating Income | 1,798 | 21,570 | |
List Price: SOLD
Cap Rate: Cap Rate 5.7
Above is a model and no guarantees are implied by broker.
Sold Price: $375,000
Status: Sold