Description
Wow. Don't miss this newer, well maintained residential income property located in a very desirable neighborhood. Excellent location with high rental demand. This well maintained 4-plex is located in the heart of Palm Desert close to desired schools in a favored school district. The property consists of two 3bd/2ba units (end units #1 and #4) and two 2bd/2ba units (the middle units #2 and #3). All tenants are on month to month leases. There is a private community pool area with mountain views located in a quiet e cul-de-sac shared by other fourplex properties with an HOA taking care of common areas, landscaping and pool/spa. Major roof work was completed in 2021 and new A/C's were installed in 3 units within the past 3-5 years with recent work done. All units offer nice privacy, enclosed patio spaces, two with fireplaces, private inside laundry and attached double car garages. Upside potential to renovate and remodel units and get top market rents. An identical 4-plex sister property, located in the same HOA, just appraised and sold and closed for $1,600,000. Please ask for Income, Expense, Rent Roll and Projected Rent Statements. The owner is willing to provide some creative seller financing options for a qualified buyer.
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Listing Agent: Doug Fischer 01299270 Courtesy of: Coldwell Banker Realty "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 12th August, 2022 8:57 PM (UTC)
