42995 Park Pl - Apartments FOR SALE


Palm Desert, CA 92260- Coachella Valley
$1,475,000 USD
626-979-4577
42995 Park Pl, Palm Desert, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/30
null | 8.95% Cap Rate

42995 Park Pl
Palm Desert, CA 92260
Coachella Valley


OVERVIEW

PRICED TO SELL!!!!! DON'T MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY. THIS EXCEPTIONAL WELL MAINTAINED LUXURY MULTI-FAMILY PROPERTY ON PARK PLACE IN PALM DESERT IS A PRIME INVESTMENT. WITH A STRONG LAYOUT, AND DESIRABLE AMENITIES LIKE GARAGE PARKING, A POOL, AND SPA AND TENNIS COURTS IT APPEALS TO SERIOUS LONG TERM AND SHORT TERM TENANTS. NEWER ROOF AND A/C UNITS. ONLY ONE UNIT RENTED! 3 UNITS ARE VACANT TO GET HIGH MARKET RENTS FOR NEW OWNER. PLEASE CALL FOR MORE RENTAL INFORMATION. POSSIBLE OWNER FINANCING AVAILABLE. THE AREA IS SERVED BY EXCELLENT SCHOOLS, INCLUDING ABRAHAM LINCOLN ELEMENTARY AND PALM DESERT HIGH SCHOOL, MAKING IT CONSISTENTLY SOUGHT AFTER. IT'S THE PERFECT ADDITION TO ANY PORTFOLIO, WHETHER YOU'RE JUST STARTING INVSTIONG OR LOOKING TO EXPAND. THIS PROPERTY QUALIFIES FOR STANDART FHA, VA AND CONVENTIONAL FININCING IF OWNER OCCUPIED.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

4

PRICE/UNIT

$368,750

CAP RATE

8.95%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,425 SF

ZONING

PR

APN/PARCEL ID

624-330-001

ASK ABOUT THIS PROPERTY

FREDERICK PARKERKIMBERLY RANGELL, BROKERMore Info
626-979-4577

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FREDERICK PARKERKIMBERLY RANGELL, BROKERMore Info
626-979-4577

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