Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 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 past few years. 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.
Listing Courtesy of Desert Area MLS / Coldwell Banker Realty / David Goldberg
$444,999
Indio Area Single Family Home
Active
85571 Adria Drive Indio, CA 92203
2 Bed
2 Baths
1632 sqft
MLS# 219126009
Beautiful 2-Bedroom + Den Home in a Premier 55+ Community with an ASSUMABLE* VA LOAN!
Discover the perfect blend of comfort and convenience in this spacious 1,632 sq. ft. home featuring 2 bedrooms, 2 bathrooms, and a versatile den. Designed for modern living, the open floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting space for both relaxation and entertaining. The sizeable kitchen is a chef's dream, boasting custom granite counters, stainless steel appliances, and large walk-in pantry, perfect for all your culinary needs. The south-facing backyard with covered patio and lush lawn provide plenty of natural light and offers a serene retreat. Along with a beautiful community park right across the street. Car enthusiasts and golf lovers will appreciate the oversized 2-car + golf cart garage with plenty of extra room for storage. *ASSUMABLE VA LOAN at 2.75%--take advantage of this am amazing opportunity for an extremely low interest rate, NOTE buyer does not need to be a veteran, but loan must be serviced through Freedom Mortgage and buyer must meet their qualifying criteria. Located in Four Seasons at Terra Lago, an amenity-rich community, you'll enjoy access to an amazing clubhouse featuring a grand lobby/gathering area, fitness center, indoor and outdoor pools, a library, and a variety of different clubs to join from watercolor classes to book clubs and so much more. Whether you're looking for relaxation or an active lifestyle, this community has it all! Located just minutes from a variety of great dining, shopping destinations, and Fantasy Springs Resort & Spotlight 29 Casinos. Contact us today to schedule a showing and take advantage of this exceptional opportunity.
Listing Courtesy of Desert Area MLS / Coldwell Banker Realty / David Goldberg
