959 E Vista Chino Palm Springs, CA 92262
Active
$1,349,000
2%
4 Units
8 Beds
8 Baths
4,048 Area(sq.ft.)
9,583 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 219114911DA |
| Days On Market: | 140 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 333 |
| Price per unit: | $ 337,250 |
| Year Built: | 1988 |
Property Details
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 4,048 SF on a 9,583 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Net Operating Income: | $ 62,327 |
| Gross Annual Income: | $ 86,076 |
| Cap Rate: | 4.53% |
| Actual Gross Rent: | $ 86,076 |
| Actual Gross Income: | $ 86,076 |
Structure
| Levels: | Two |
| Community Features: | Community Mailbox |
| Style: | Contemporary |
| Sewer: | In Connected and Paid |
| View Description: | Mountains |
| Water: | Water District |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Door Opener, On street, Parking for Guests |
Interior
| Cooking Appliances: | Range, Range Hood |
| AC/Cooling: | Air Conditioning, Ceiling Fan, Central |
| Equipment: | Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer |
| Heating: | Central, Forced Air, Natural Gas |
| Fireplace: | True |
| Interior Features: | Living Room Balcony |
| Kitchen Features: | Laminate Counters |
| Laundry: | Garage, In Closet |
| Patio Features: | Covered |
Exterior
| Exterior Construction: | Stucco |
| Pool: | True |
| Pool Description: | Community, Gunite, Heated, In Ground, Safety Fence |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
