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 Lot Size
Townhouse
Built in 1936
MLS/Listing ID IG25154374
1 Stories
4 Units
ENERGY STAR-qualified Water Heater
ENERGY STAR-qualified Appliances
Dryer
Dishwasher
Cooling - Ductless
Cooling - Ceiling Fans
Laminate
Concrete Perimeter
Heating - Ductless
Water Heater
Appliances
All Bedrooms Down
Washer Hookup
Gas Oven
Gas Range
Gas Water Heater
Heating - ENERGY STAR Qualified Equipment
Style - Bungalow
Community - Street Lights
Community - Park
Construction - Drywall
Construction - Concrete
Construction - Adobe
Cooling - ENERGY STAR-qualified Equipment
Washer
Refrigerator
Range Hood
Microwave
Stacked
Outside
Lot - Near Public Transit
Lot - Near Park
Lot - Landscaped
Lot - Gentle Sloping
Parking - Assigned
Rear Porch
Patio
Front Porch
Covered
Mountains View

Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE
TOTAL MONTHLY COST
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