$50,000
$77,000
35.1%For more information regarding the value of a property, please contact us for a free consultation.
2184 Riviera CT Thermal, CA 92274
2 Beds
1 Bath
10,402 Sqft Lot
Key Details
Sold Price $50,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Vista Santa Rosa (31601)
MLS Listing ID DW24093700
Sold Date 09/16/24
Bedrooms 2
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1965
Lot Size 10,402 Sqft
Property Description
INVESTORS, INVESTORS cash offers only located in a prime location ideal for developing an Airbnb business, given its proximity to popular events like Coachella and the Thermal race track. However, the property has suffered a fire incident in the past, resulting in significant damage. The garage has been converted to accommodate this change, but the main property itself requires major renovation and restoration work. Despite the extensive repairs needed, the property is being offered at a great deal due to its attractive price point.
The potential of this property lies in its strategic location near sought-after attractions, making it an appealing option for individuals looking to invest in short-term rental opportunities catering to event attendees and tourists visiting the area. With the right vision and investment in renovations, this property could be transformed into a profitable Airbnb venture capitalizing on its proximity to popular entertainment venues. While the initial investment may be significant, the potential returns from operating an Airbnb in such a desirable location could make it a worthwhile venture for the right buyer.
In summary, this property presents a unique opportunity for investors willing to undertake substantial renovation efforts to capitalize on its advantageous location near Coachella and the Thermal track. The discounted price reflects the condition of the property post-fire but also offers potential for significant returns with proper rehabilitation and utilization as an Airbnb rental.
Location
State CA
County Imperial
Area 316 - Thermal
Rooms
Ensuite Laundry None
Interior
Interior Features All Bedrooms Down
Laundry Location None
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Lake
View Y/N No
View None
Attached Garage Yes
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Unknown
Water Public
Level or Stories One
New Construction No
Construction Status Fixer
Schools
School District Coachella Valley Unified
Others
Senior Community No
Tax ID 015130026000
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Lease Land No
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Bought with Osiris Juarez • Desert Bloom Realty