343 W Tramview Rd - Apartments FOR SALE


Palm Springs, CA 92262- Desert Highland-Gateway Estates
$950,000 USD
951-375-7433
343 W Tramview Rd, Palm Springs, CA for Sale
$950,000 USD
Apartments - FOR SALE
1/30
null | 5.08% Cap Rate

343 W Tramview Rd
Palm Springs, CA 92262
Desert Highland-Gateway Estates


HIGHLIGHTS

  • Owner pays for water, sewer, trash, landscaping.
  • Tenants pay for electric, gas, internet.
  • Apartment homes include washer/dryer hookups, bas stove, refrigerator, and mini-split AC/Heat unis.

OVERVIEW

This fine 4Plex is located just off Highway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! SELLER WILL PROVIDE FINANCING WITH ONLY $250,000 DOWN!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. All units have washer/dryer hook ups. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE MARKETING PACKAGE attached.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PALM SPRINGS 4PLEX, OWNER WILL CARRY!!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,626 SF

ZONING

R-1-D

APN/PARCEL ID

669-401-003

ASK ABOUT THIS PROPERTY

Tony BurtonBurton RealtyMore Info
951-375-7433

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Tony BurtonBurton RealtyMore Info
951-375-7433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.