37540 Van Fleet St - Apartments FOR SALE


Cathedral City, CA 92234
$565,000 USD
747-900-3116
37540 Van Fleet St, Cathedral City, CA for Sale
$565,000 USD
Apartments - FOR SALE
1/22
null | 9.24% Cap Rate

37540 Van Fleet St
Cathedral City, CA 92234


HIGHLIGHTS

  • Corner Property 9500sqft+ Lot size
  • Fully Occupied with On-Time Paying Tenants
  • Renovated Units with Ample Parking
  • Close to the new Agua Caliente Casino, Minutes from Rancho Mirage

OVERVIEW

Prime Investment Opportunity - Fully Occupied Tri-Plex Income Property! Discover a fantastic income-producing property in the heart of Cathedral City. This well-maintained tri-plex offers three separate units, each designed for comfortable living and strong rental demand. Situated in a convenient neighborhood, the property benefits from close proximity to shopping, dining, schools, and easy access to Palm Springs and surrounding desert communities. Tri-plex consists of one 2 bed with 2 baths, and two 1 bed and 1 bath units. With stable rental income and potential for future growth, this property is ideal for both seasoned investors and those looking to start or expand their portfolio. Positioned on a 9,500sqft lot with ample parking and a carport, this tri-plex provides excellent upside potential with well-kept interiors and low-maintenance grounds. Don’t miss this opportunity to own a versatile income property in one of the fastest-growing areas. Drive-By-Only! All units are tenant occupied. Each unit is on month to month lease basis. Listing agent is related to seller. Seller and Listing Agent and Broker make no representations or warranties expressed or implied. Buyer is advised to do their own due diligence in determining all information, including but not limited to permits and uses, square footage, lot lines, and any and all information, prior to closing.

FOR SALE DETAILS

PRICE

$565,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

3

PRICE/UNIT

$188,333

CAP RATE

9.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

687-241-039

ASK ABOUT THIS PROPERTY

Christina BalianPinnacle Estate Properties, Inc.More Info
747-900-3116

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Christina BalianPinnacle Estate Properties, Inc.More Info
747-900-3116

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