Listed by 909-256-7889 - ALBERT LE - DRE #01468313 - LE INVESTMENT GROUP 909-256-7889
$6,595,000 affordable loan icon Calculate Payment

82451 John Nobles Avenue Indio, CA 92201

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Apartment Residence
Beds
Baths
25,200 Sq. Ft.
1.28 Acre Lot
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Last updated on 11/15/2024 5:39 PM

Listing Details

The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actua...l CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. Continue reading
MLS#
IV24170406
Property Type
Apartment
Status
Year Built
1980
Square Feet
25,200 sq. ft
Lot Size
1.28
Stories
2.0
Sewer
Public Sewer
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Listed by 909-256-7889 - ALBERT LE - DRE #01468313 - LE INVESTMENT GROUP 909-256-7889
Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361

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This content last refreshed on 11/15/2024 5:39 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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