561 Highland Drive Palm Springs, CA 92264
Active
$6,995,000
31 Units
35 Beds
36 Baths
29,000 Area(sq.ft.)
81,624 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 219115030PS |
| Days On Market: | 106 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 241 |
| Price per unit: | $ 225,645 |
| Year Built: | 1962 |
Property Details
Prime Investment Opportunity and Entire City Block for Sale!32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.561: 5 units all 1 bedroom 1 bath.579: 10 units 2- 2 beds, 7 1 beds and 1 studioSwimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated.Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.Conveniences: On-site laundry facilities and trash pickup for all buildings.Secure Entry: All buildings have keypad secure safe entry system.Parking: Ample parking available for all tenants and guests.Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
Structure
| Levels: | One |
| Security Features: | Gated |
| Sewer: | In Connected and Paid |
| View Description: | Mountains |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, On street |
| Total Parking: | 10 |
Interior
| AC/Cooling: | Air Conditioning |
| Heating: | Central |
| Fireplace Rooms: | Gas StarterLiving Room |
| Fireplace: | True |
Exterior
| Pool: | True |
| Pool Description: | Community, In Ground |
| Spa: | No |
Detailed Map
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Income
