43965 Towne St - Apartments FOR SALE


Indio, CA 92201
$1,900,000 USD
43965 Towne St, Indio, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/50
null | Request Cap Rate

43965 Towne St
Indio, CA 92201


HIGHLIGHTS

  • Renovated units with modern finishes (latest remodel: Unit 7)
  • On-site laundry with income potential
  • Strong location near I-10, retail, and major employers
  • Consistent tenant demand in a low-vacancy market
  • Ideal for 1031 Exchange buyers

OVERVIEW

For the savvy investor seeking both immediate cash flow and long-term appreciation, 43965 Towne Street is a standout offering. This fully occupied 9-unit multifamily complex features 18 bedrooms and 9 bathrooms, with most units updated and currently income-producing. All units are 2 bed/1 bath, each offering two parking spaces (1 covered, 1 uncovered), and several tenants have been in place for over six years—providing stable, predictable income. Current rents generate $11,095/month ($133,140/year), with market rents supporting $2,000/month per unit—unlocking an additional $82,860/year in potential income. Operating expenses are low (~$5,495 annually, excluding taxes & insurance), further enhancing returns. Located just minutes from downtown Indio, schools, shopping, and the Empire Polo Grounds—home to internationally recognized events like Coachella and Stagecoach—this property sits in a high-demand rental market benefiting from steady job growth, strong tenant demand, and ongoing city development. Whether you’re completing a 1031 exchange, expanding your portfolio, or looking for a high-performing long-term hold, this property checks every box: prime location, value-add potential, and consistent rental income.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

9

PRICE/UNIT

$211,111

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R3, Indio

APN/PARCEL ID

610-211-017

ASK ABOUT THIS PROPERTY

Angela Maciel-GibbonsAMG Commercial GroupMore Info

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Angela Maciel-GibbonsAMG Commercial GroupMore Info

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