965 E Vista Chino
Palm Springs, CA 92262
$12,500.00 (-0.91%)
Active for $1,362,500
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 7,841 sqft
| MLS | 219114912DA |
| Year Built | 1988 |
| Property Type | |
| County | Riverside |
| Status | Active |
| Active | $1,362,500 |
| Structure Size | N/A sqft |
| Lot Size | 7,841 sqft |
| Beds | N/A |
| Baths |
Description
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.
Listing information courtesy of: David Goldberg, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 10/06/2024 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®
Marine Janikyan and Associates
REALTOR®
Direct: 8184198228
Email: Email Me
DRE: 01931934
DRE #01873088
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