150443 Del Rey Drive, Big River, California 92242, Big River, - bed, bath
ACTIVE$375,000
150443 Del Rey Drive, Big River, California 92242
5Beds
3Baths
2,550Sqft
36,956.301Lot
Year Built
1972
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25142046
Home ConditionFair
Features
Good View: Desert, Mountain(s), River
ViewDesert, Mountain(s), River
About this home
Don't miss out on this investment opportunity! This TRIPLEX with views of the Colorado River on Tribal Land is one you wont want to miss. Two units are currently occupied. There are 2, 2 bedrooms, 1 bath and 1, 1 bedroom, 1 bath. Rent out to snow birds, have a getaway of your own or even live in one while renting out the other two. So many opportunities.
Condition Rating
Fair
The property was built in 1972. The images show that the kitchen and bathrooms are dated but appear functional. The flooring looks updated in some areas, but other areas show older flooring. Overall, the property appears to be maintained but requires some updates to bring it to modern standards.
Pros & Cons
Pros
Investment Opportunity: The property is a triplex, offering immediate rental income potential.
River Views: The property boasts views of the Colorado River, a desirable feature for many tenants and owners.
Multiple Income Streams: With three separate units (two 2-bedroom and one 1-bedroom), the property provides diversified income streams.
Large Lot Size: The property sits on a large lot (36,956 sqft), potentially allowing for future expansion or development.
Flexibility of Use: The property can be used for various purposes: renting to snowbirds, personal getaway, or owner-occupancy with rental income.
Cons
Tribal Land: The property is located on Tribal Land, which may have specific regulations, lease terms, or financing limitations that could deter some buyers.
Property Age: Built in 1972, the property may require updates or repairs to meet modern standards and tenant expectations.
Occupancy Status: While two units are occupied, the occupancy status and lease terms of existing tenants need to be carefully evaluated.