561 Highland Drive Palm Springs, CA 92264
Listing Courtesy of: Desert Area MLS / The Firm Brokerage

  561 Highland Drive Palm Springs, CA 92264

Active (65 Days)
$6,995,000
35
BED
36
BATH
29,000
SQFT

Description

Prime Investment Opportunity and Entire City Block for Sale!

32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000.

Key Features:

509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.

561: 5 units all 1 bedroom 1 bath.

579: 10 units 2- 2 beds, 7 1 beds and 1 studio

Swimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile.

Pools are SOLAR heated.

Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.

Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.

Conveniences: On-site laundry facilities and trash pickup for all buildings.

Secure Entry: All buildings have keypad secure safe entry system.
Parking: Ample parking available for all tenants and guests.

Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.

Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.

Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.

MLS #:
219115030
Lot Size
1 acres
Type
Multifamily
Year Built
1962
Views
Mountain(s)
County
Riverside County

Listed By

Adam M Gilbert, The Firm Brokerage
Source
Desert Area MLS
Last checked Oct 10 2024 at 4:54 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 31
  • Half Bathrooms: 5
Subdivision
  • Demuth Park
Property Features
  • Fireplace: Living Room
  • Fireplace: Gas Starter
Heating and Cooling
  • Central
  • Air Conditioning
Pool Information
  • In Ground
  • Community
Flooring
  • Tile
Utility Information
  • Sewer: Connected and Paid, In
Parking
  • Total Uncovered/Assigned Spaces
  • On Street
  • Assigned
Living Area
  • 29,000 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2024 Desert Area MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/10/24 09:54