66585 Ironwood Drive Desert Hot Springs, CA 92240

Let me start out by saying that this is a very pretty, very well kept triplex, in good condition inside & out. And if you do any research at all, you'll see that this is a great priced opportunity with super returns. What's astonishing here is the amount of income you can get for the money!!! MOREOVER, IF YOU DO YOUR RESEARCH, THIS IS THE LOWEST PRICED 2&1 TRIPLEX IN SOUTHERN CALIFORNIA. There isn't another triplex available (w/2&1's) for less than $500K!!! This triplex is in a great location. It's also a great location, within walking distance grocery, drug store eateries, and bus stop. Hence tenant's in this complex don't need a car! This triplex consists of three 2 bedroom 1 bath units. Also, each unit has it's own carport. As you can see from the pictures, this complex has been professionally managed and taken care of over the years, and everything is very nice, functional, and updated. Each unit has its own private fenced yard. Units have nice upgraded kitchens. Large living rooms. Tile flooring. Ceiling fans throughout. Nothing more needed to go get market rents!! The seller's are out of town, elderly, and haven't raised rents in years. But all rents are month to month and can be brought up to market rents. At market rents, we're putting out $64,620 annual gross income, a 6.96 Gross Rent Multiplier, an unheard of (not seen in decades) 12.67% Cap Rate, and an off the charts 36.10% Cash on Cash Return. When was the last time you saw returns like that? To see these returns, check out the Income/Expenses/Returns in the MARKETING PACKAGE attached. As a guide to market rent