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Key Details
Sold Price $275,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,304 sqft
Price per Sqft $210
Subdivision Colony Park
MLS Listing ID 219078908DA
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
Year Built 1977
Lot Size 8,276 Sqft
Property Description
Property fell out of escrow at no fault of the sellers. Buyer failed to perform. HOME INSPECTION MUST BE DONE ON JUNE 9th AT 10AM due to tenant accommodations. Are you an investor looking for your next cash cow? They are actively moving out. Well this is the property for you! This home will require an almost complete rebuild, but at this price theres plenty of profit to be made. Comps show the ARV to be $415,000 at a minimum depending on degree and quality of construction/upgrades. This 3 bedroom, 2 bathroom home is 1304 sqft and has a 8,276 sqft lot that comes with side gate access for RV parking and is large enough to build the backyard of your dreams with a large pool and spa, outdoor kitchen, covered patio, or an accessory dwelling unit. It gets even better when you find out that theres no HOA, eligible for short term rental permit, and it is just minutes away from the world famous Coachella and Stagecoach Music Festivals. Please dont kick yourself for not showing this to your investor. It is an absolute money maker at this sale price. Buyers and buyers agent to perform their own due diligence regarding permits, construction, lot size, etc. Information provided is deemed reliable but not guaranteed. HOME IS BEING SOLD AS-IS. TENANT OCCUPIED. TENANTS HAVE BEEN GIVEN 60 DAY NOTICE TO VACATE. BUYER MUST AGREE TO COE OF JULY 20,2022. IF BUYER REQUIRES EARLY COE THEN THEY AGREE TO INHERIT TENANTS. Black spots on the pictures are to hide personal and family pictures.
Location
State CA
County Riverside
Area 314 - Indio South Of East Valley
Interior
Heating Forced Air
Flooring Concrete, Tile
Exterior
Parking Features Driveway, On Street
Garage Spaces 2.0
Garage Description 2.0
View Y/N Yes
View Peek-A-Boo
Building
Lot Description Back Yard, Corner Lot, Front Yard, Lawn, Paved, Sprinkler System
Story 1
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Jack Rook • Coldwell Banker Realty
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Paul Ward
Broker Associate | License ID: 01354001
Broker Associate License ID: 01354001
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