$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
11 Baths
4,884 SqFt
SOLD DATE : 12/23/2022
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,884 sqft
Price per Sqft $286
Subdivision Tahquitz River Estates
MLS Listing ID 219086115
Sold Date 12/23/22
Style Mid Century
Bedrooms 12
Full Baths 11
HOA Y/N No
Year Built 1952
Lot Size 0.390 Acres
Property Description
Solid income potential, 10 units close to downtown Palm Springs. Off street parking with the possibility for 2 additional spaces. Exceptional investment opportunity with an upside in rental income. Building consists of one (1) bedroom, eight (8) studios and one spacious three (3) bedroom, 2 bath former owners' unit. Several units renovated in 2018. 100% occupied, showings will require a 48 hour notice. Attached documents include the current rent roll and current/projected income and expenses. Please do not disturb tenants. Strong cash flow potential. For showings contact listing agents.
Location
State CA
County Riverside
Area 334 - Palm Springs South End
Interior
Heating Central, Forced Air, Natural Gas
Cooling Air Conditioning, Ceiling Fan(s), Wall/Window Unit(s), Other
Fireplaces Number 2
Fireplaces Type Stone, Living Room
Fireplace true
Exterior
Pool Fenced, In Ground, Private, Safety Fence, Tile
Utilities Available Cable Available
View Y/N true
View Pool
Private Pool Yes
Building
Lot Description Landscaped, Level, Private, Cul-De-Sac
Story 1
Entry Level Ground,One
Sewer In, Connected and Paid
Architectural Style Mid Century
Level or Stories Ground, One
Schools
School District Palm Springs Unified
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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