Introducing a unique investment opportunity awaited by astute investors and developers alike. A charming quadraplex, minimal maintenance property, with few operating expenses, nestled in the scenic neighborhood of Palm Springs. This property boasts a diverse unit mix, including one spacious 2-bedroom, 1-bath unit, two comfortable 1-bedroom, 1-bath units, and one extra-large studio with one bathroom and a separate kitchen. These units combine ample living space with functional design that maximizes space and comfort. Each unit has its own washer & dryer and electric meter.
Parking is never an issue, with assigned parking for each tenant. This quadraplex is not just a place to live, it is an investment in comfort and convenience, promising long-term rental income prospects and immediate returns with a Cap rate of about 7.
Location is the ace in the hole for this property! Centrally located to several golf courses nearby for convenience, and popular courses a bit farther out. A short stroll away is the Ramon at Indian Canyon bus station, placing convenience right on your tenant's doorstep. The Grocery Outlet is a mere stone's throw away for your grocery runs. Tahquitz Canyon offers acres of natural beauty that is less than a mile away for those moments when grounding calls. It’s the perfect backdrop for those Instagram-worthy sunset pics or a serene morning jog!
Whether you're looking to live in one unit and accommodate multiple tenants in the other units, this property blends functionality with charm, set against the picturesque backdrop of Palm Springs. Turn this property into your profitable income property or your private oasis— or why not a bit of both? Opportunities are knocking; make sure you're home!
2,459 Sq Ft
6,098 Sq Ft Exterior Space
Townhouse
Built in 1936
MLS/Listing ID IG25069123
1 Stories
4 Units
Covered
Front Porch
Patio
Mountains View
Gas Water Heater
Microwave
Refrigerator
Range Hood
Water Heater
Dryer
Washer
Style - Bungalow
Community - Street Lights
Community - Park
Lot - Landscaped
Construction - Adobe
Laminate
Appliances
Heating - Ductless
Cooling - Ceiling Fans
All Bedrooms Down
Washer Hookup
Outside
Stacked
Lot - Gentle Sloping
Rear Porch
Parking - Assigned
Lot - Near Public Transit
Lot - Near Park
Gas Range
Gas Oven
ENERGY STAR-qualified Water Heater
ENERGY STAR-qualified Appliances
Dishwasher
Cooling - Ductless
Construction - Concrete
Construction - Drywall
Listing Courtesy of BPO HOMES INC., BRIAN DROZE - 760-983-8173
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE