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Listed by Tony Burton • Burton Commercial, Inc.
$930,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $290
MLS Listing ID CRSW25057294
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1965
Lot Size 7,405 Sqft
Property Sub-Type Quadruplex
Property Description
This fine 4Plex is located just off HIghway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Laundry Inside
Building
Water Public
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