$735,000
$754,900
2.6%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 10/29/2020
Key Details
Sold Price $735,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision El Mirador
MLS Listing ID 219045452PS
Sold Date 10/29/20
HOA Y/N No
Year Built 1975
Lot Size 10,890 Sqft
Property Description
Cottonwood Club! Turnkey Gated Residential 4-Plex: Newly remodeled, affordable upscale modern designed complex. Amenities include a Full-size pool, large social and BBQ area with a shaded gazebo, and 2 private patios make for a great place to enjoy Palm Springs living. Located in a safe neighborhood with strong rental demand and close to all needed conveniences for day to living. Stores, schools, shops, parks, restaurants, downtown, freeway, airport, golf, tennis, hiking and more. This property is Cash-Flow Positive from Day 1 and perfect for the following types of ownership. A - Owner occupied operator or with professional management. B - Positive cash flow investment with upside value. C - Income-producing addition to personal investment portfolio or REIT. Good ROI, Cash on Cash Return, Cap Rate, NOI and Increased Valuation. Mix: 2 bed / 2 bath, 2 bed / 1 bath and two studio apartments.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace No
Appliance Refrigerator, Water Heater
Exterior
Parking Features Driveway
Pool Community, In Ground
Community Features Gated, Pool
View Y/N Yes
View Mountain(s)
Total Parking Spaces 6
Private Pool Yes
Building
Story 1
New Construction No
Others
Senior Community No
Tax ID 507042008
Security Features Gated Community
Financing Conventional
Special Listing Condition Standard
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Bought with Kenneth Townsend • HK Lane Real Estate
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Broker Associate | Lic# 00870450