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$1,075,000
Est. payment /mo
2 Beds
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW25227616
Bedrooms 2
Lot Size 9,583 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This is a beautiful 4Plex located just off Highway 111, on the border of La Quinta, in Indio. This Offering consists of four 2 bedrooms, 2 baths. THESE UNITS ARE LARGE!!! Please note assessors says this complex is 4,058 square feet! THAT'S OVER 1,000 SQUARE FEET PER UNIT!!! Units are separately metered and tenants sign up and pay for electric and gas. Landlord pays water. All units are central heat and cooled. This complex has been upgraded inside and out. The units have newer appliances, crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the beautiful landscaping is drought resistant and takes no water to maintain. Check out the pictures!! This complex really performs! At actual rents, we are near market, month to month, and can be raised to market rents. At market rents, we're putting out, a 9.95 Gross Rent Multiplier, a robust 8.75% Cap Rate, and a breathtaking 14.95% CASH ON CASH RETURN!!! PLEASE SEE SUPPLEMENTS FOR MARKETING PACKAGE THAT INCLUDES RENT ROLL, RENT COMPS, INCOME, AND EXPENSES.
Location
State CA
County Riverside
Zoning Assessor
Direction Monroe to Hwy 111
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 600200007
Acceptable Financing Cash
Listing Terms Cash
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Listed by Tony Burton Burton Commercial, Inc.
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