561 Highland Drive Palm Springs, CA 92264
Description
219115030
1 acres
Multifamily
1962
Mountain(s)
Riverside County
Listed By
Desert Area MLS
Last checked Oct 10 2024 at 4:54 PM GMT+0000
- Full Bathrooms: 31
- Half Bathrooms: 5
- Demuth Park
- Fireplace: Living Room
- Fireplace: Gas Starter
- Central
- Air Conditioning
- In Ground
- Community
- Tile
- Sewer: Connected and Paid, In
- Total Uncovered/Assigned Spaces
- On Street
- Assigned
- 29,000 sqft
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
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.