Listed by David Goldberg - DRE #02027373 - Coldwell Banker Realty 760-776-9898 Listing Courtesy of: DRE #02120220
$1,362,500 affordable loan icon Calculate Payment

965 Vista Chino Palm Springs, CA 92262

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Cluster Residence
Beds
Baths
Sq. Ft.
0.18 Acre Lot
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Last updated on 11/15/2024 4:30 AM

Listing Details

Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Two neighboring (4) Four-unit Apartment Buildings being offered individually for sale, providing stable income and future value-add opportunity -- buy one or buy them both for increased ROI. Each building... (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, its 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 last 36 months. 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. Continue reading
MLS#
219114912DA
Property Type
Cluster
Status
Year Built
1988
Lot Size
0.18
Stories
2.0
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Listed by David Goldberg - DRE #02027373 - Coldwell Banker Realty 760-776-9898 Listing Courtesy of: DRE #02120220
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 4:30 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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