Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the past few years. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants.
7,841 Sq Ft Lot Size
investment
Built in 1988
MLS/Listing ID 219130153DA
2 Stories
4 Units
Heating - Forced Air
Heating - Natural Gas
Slab
Living Room Fireplace
Balcony
Lot - Near Public Transit
Lot - Level
Lot - Lawn
Lot - Landscaped
Lot - Corner Lot
Parking - On Street
Parking - Guest
Parking - Garage Door Opener
Parking - Garage
Pool - Inground
Pool - Gunite
Pool - Electric Heat
Pool - Community
Mountains View
Water Heater
Vented Exhaust Fan
Refrigerator
Gas Range
Freezer
Disposal
Dishwasher
Style - Contemporary
Community Pool
Cooling - Central Air
TOTAL MONTHLY COST
$0
$0
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