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Listed by BRIAN DROZE • BPO HOMES INC.
$1,149,000
Est. payment /mo
2,458 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,458 sqft
Price per Sqft $467
MLS Listing ID CRIG25154358
HOA Y/N No
Year Built 1936
Lot Size 6,098 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
Property Description
MOTIVATED SELLER. Introducing a unique investment opportunity awaited by astute investors and developers alike. A charming quadraplex, minimal maintenance property, with few operating expenses, nestled in the scenic neighborhood of Palm Springs. This property boasts a diverse unit mix, including one spacious 2-bedroom, 1-bath unit, two comfortable 1-bedroom, 1-bath units, and one extra-large studio with one bathroom and a separate kitchen. These units combine ample living space with functional design that maximizes space and comfort. Each unit has its own washer & dryer and electric meter. Parking is never an issue, with assigned parking for each tenant. This quadraplex is not just a place to live, it is an investment in comfort and convenience, promising long-term rental income prospects and immediate returns with a Cap rate of about 7. Location is the ace in the hole for this property! Centrally located to several golf courses nearby for convenience, and popular courses a bit farther out. A short stroll away is the Ramon at Indian Canyon bus station, placing convenience right on your tenant's doorstep. The Grocery Outlet is a mere stone's throw away for your grocery runs. Tahquitz Canyon offers acres of natural beauty that is less than a mile away for those moments when groundi
Location
State CA
County Riverside
Interior
Heating Wall Furnace, Other, Central
Cooling Central Air, Wall/Window Unit(s), Other, ENERGY STAR Qualified Equipment
Flooring Laminate, Tile
Fireplace No
Appliance Gas Water Heater
Laundry Dryer, Washer
Exterior
View Mountain(s), Other
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Altie Schmitt
Partner at Village Associates | License ID: 00924672
Partner at Village Associates License ID: 00924672
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