Listed by: Brenda Scott, Bennion Deville Homes
$115,000
●
Mobile Manufactured -
Off Market
74 Rio Street
Rancho Mirage, CA 92270
3 Beds
2 Baths
1,584 Ft²
$182,729
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model
About This Property
Move-in ready home in the gated community of The Colony in the
heart of Rancho Mirage. The master suite and guest rooms are at
opposite ends of the house, offering complete privacy. Features
include a large open great room, almost 800 sq. ft. of west-facing
covered patio, covered parking for 3 cars and a private storage
unit. Upgrades include new vinyl fencing and landscaping,
re-surfaced patio and driveway, 2 new energy-efficient double-paned
sliding glass doors, 4 new double-paned windows, new lighting
fixtures and ceiling fans, custom closet interiors, new evaporative
cooler, state-of-the-art Nest thermostat, six new interior doors,
new exterior kitchen door, newer Armstrong vinyl plank flooring
throughout, newer kitchen counter tops and sink, and newer interior
and exterior paint. Park amenities include clubhouse, pool, two
spas, billiard room, sport courts, gym, sauna, a pet-friendly green
belt and walking paths through manicured grounds with waterfalls,
fountains, and ponds.
Unit Size
1,584 Ft²
Days on Market
36 days
Land Size
40.00 acres
Price per sqft
$74
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1977
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #218006396DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Mar 30, 2020 | In contract | - | |
| In contract | |||
| Mar 9, 2020 | Listed | $129,900 | |
| Listed | |||
| | |||
|
The Colony is a gated community in the heart of Rancho Mirage. This is an all age rent controlled community. This 3 bedroom, 2 bath Levitt home offers a split floor plan with the master suite being on the opposite side of the home from the other 2 bedrooms. There is a large open living area that opens onto a west facing patio. Covered parking accommodates 3 cars and includes a storage unit. Upgrades include newer vinyl fencing and landscaping, re-surfaced patio and driveway, 2 energy-efficient double-paned sliding glass doors, 4 newer double-paned windows, lighting fixtures and ceiling fans, custom closet interiors, newer evaporation cooler, state-of-the art Nest thermostat, six new interior doors, new exterior kitchen door, newer Armstrong vinyl plank flooring throughout, newer kitchen counter tops and sink and newer interior interior and exterior paint. Community amenities include clubhouse, recreation room, pool, spa, billiard room, library, tennis courts, basketball, gym, sauna, hair and nail salon, pet friendly greenbelt with walking paths through manicured grounds with waterfalls, fountains and ponds.The present space rent is $724.42. The manager has listed the unit size as 1584 square feet.
| |||
| Dec 17, 2018 | No longer available | - | |
| No longer available | |||
| Oct 22, 2018 | Listed | $139,000 | |
| Listed | |||
| | |||
|
The Colony is a gated community in the hearth of Rancho Mirage. Master suite is at opposite end of 2 guest bedrooms, offering complete privacy. Open floor plan with living room of almost 800 sq ft with sliding door to patio that faces west. Covered parking accommodates 3 cars with an includes a storage unit. Many upgrades, Armstrong vinyl plank flooring throughout home, resurfaced patio & driveway, 2 new energy efficient double-paned sliding doors, 4 new double-paned windows, updated lighting fixtures and ceiling fans, custom closet interiors, evaporation cooler, Nest thermostat, six newer interior doors, exterior kitchen door, updated kitchen counter-tops and sink. Community amenities include clubhouse, recreation room, pool, spa, billiard room, library, tennis courts, basketball, gym, sauna, hair and nail salon, pet friendly greenbelt with walking paths through manicured grounds with waterfalls, fountains and ponds. All age, rent controlled community. The manager has listed the unit size as 1584 square feet.
| |||
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Building Info
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About Colony Mobile Home Park
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Listed by: Brenda Scott, Bennion Deville Homes
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218006396DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 218006396DA
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