82451 John Nobles Avenue
Indio, CA 92201
Active for $6,800,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 55,757 sqft
| MLS | IV24170406 |
| Year Built | 1980 |
| Property Type | Apartment |
| County | Riverside |
| Status | Active |
| Active | $6,800,000 |
| Structure Size | N/A sqft |
| Lot Size | 55,757 sqft |
| Beds | N/A |
| Baths | N/A |
Description
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 6.48%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 5.74%. ProForma GRM of 10.29 with a current GRM of 11.24 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.
Listing information courtesy of: ALBERT LE, LE INVESTMENT GROUP . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Leisa Alexander
REALTOR®
Direct: 626.716.4511
Email: Email Me
DRE: 01859358
DRE #01873088
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