150443 Del Rey Drive, Big River, California 92242, Big River, 92242 - 5 bed, 3 bath
ACTIVE$200,000
150443 Del Rey Drive, Big River, California 92242
5Beds
3Baths
2,550Sqft
36,956.301Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: This triplex is explicitly marketed as an investment opportunity, offering immediate rental income with two units currently occupied and potential for a third.
Top Cons:
Location on Tribal Land: The property is situated on Tribal Land, which may involve specific leasehold agreements, restrictions, and complexities regarding ownership, financing, and resale that differ from traditional fee simple properties.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1972 (53 years old).
Condition: Built in 1972, this property is over 50 years old. While some areas show fresh paint and updated laminate flooring, the kitchen features significantly outdated wood cabinets, basic countertops, and an old fluorescent light fixture, indicating no major renovation in 30-50+ years. The bathrooms are likely in a similar condition. Given the age, major systems (HVAC, plumbing, electrical) are presumed to be original or very old, requiring substantial repairs and rehabilitation to meet modern standards and ensure long-term functionality.
Year Built
1972
Close
-
List price
$200K
Original List price
$375K
Price/Sqft
$78
HOA
-
Days on market
-
Sold On
-
MLS number
IG25142046
Home ConditionPoor
Features
Good View: Desert, Mountain(s), River
Patio
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
Poor
Built in 1972, this property is over 50 years old. While some areas show fresh paint and updated laminate flooring, the kitchen features significantly outdated wood cabinets, basic countertops, and an old fluorescent light fixture, indicating no major renovation in 30-50+ years. The bathrooms are likely in a similar condition. Given the age, major systems (HVAC, plumbing, electrical) are presumed to be original or very old, requiring substantial repairs and rehabilitation to meet modern standards and ensure long-term functionality.
Pros & Cons
Pros
Investment Opportunity: This triplex is explicitly marketed as an investment opportunity, offering immediate rental income with two units currently occupied and potential for a third.
Colorado River Views: The property boasts desirable views of the Colorado River, enhancing its appeal for tenants and potential owner-occupants seeking scenic surroundings.
Triplex Configuration: As a triplex, it provides flexibility for multiple income streams, owner-occupancy with rental income, or multi-generational living arrangements.
Significant Price Reduction: The list price has been substantially reduced from $375,000 to $200,000, indicating a motivated seller and a potentially attractive deal for buyers.
Large Lot Size: With a generous lot size of 36,956.3 sqft, the property offers ample space for outdoor amenities, privacy, or potential future expansion (subject to tribal land regulations).
Cons
Location on Tribal Land: The property is situated on Tribal Land, which may involve specific leasehold agreements, restrictions, and complexities regarding ownership, financing, and resale that differ from traditional fee simple properties.
Age of Property: Built in 1972, the property is over 50 years old, suggesting potential for outdated systems, deferred maintenance, or the need for significant renovations to meet modern standards and tenant expectations.
Remote Location: Located in Big River, a relatively remote area, the property may have limited access to local amenities, services, and a smaller or more specialized tenant pool, potentially impacting rental demand and property value.