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
$424,900
Indio Area Single Family Home
Active
85571 Adria Drive Indio, CA 92203
2 Bed
2 Baths
1632 sqft
MLS# 219134806
Live Your Best Life - at a Fraction of the Cost with this Rare Assumable Mortgage.
This thoughtfully designed 2-bedroom, 2-bathroom home with a versatile den is perfect for a home office, creative space, or guest room. The open-concept layout creates an inviting atmosphere for both entertaining and everyday living. The chef-inspired kitchen features stunning granite countertops, stainless steel appliances, and a spacious walk-in pantry—ideal for culinary adventures.
With 1,623 sq ft, this home offers the perfect balance of space and low-maintenance living.
Step outside into your private retreat: a covered patio and flat, south-facing backyard offer the perfect canvas for a garden, a morning coffee spot, or evening gatherings. Just across the street, you'll find a peaceful green space—perfect for relaxing or connecting with neighbors while enjoying the desert landscape.
Need extra room? The oversized 2-car garage includes space for a golf cart, hobby station, or additional storage.
Welcome to Four Seasons at Terra Lago - A 55+ Resort-Style Community. You'll enjoy a beautifully designed clubhouse with social gathering areas. A modern fitness center, indoor/outdoor pools and courts for tennis, basketball and bocce. A well-stocked library, craft room and a variety of clubs from book discussions to watercolor painting.
Whether you're seeking adventure, wellness, or community connection, Four Seasons at Terra Lago offers it all.
Just minutes from dining, shopping, and entertainment at Fantasy Springs Resort and Spotlight 29 Casino, you'll love the convenience of your location.
*This assumable VA loan at 2.75% is available to qualified buyers—even if you're not a veteran. Loan must be serviced through Freedom Mortgage, and buyers must meet their qualification criteria.
Listing Courtesy of Desert Area MLS / Coldwell Banker Realty / David Goldberg
