80876 US Highway 111 - Apartments FOR SALE


Indio, CA 92201
$1,075,000 USD
951-375-7433
80876 US Highway 111, Indio, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/35
null | 8.75% Cap Rate

80876 US Highway 111
Indio, CA 92201


HIGHLIGHTS

  • BEAUTIFUL 4PLEX, UPGRADED INSIDE AND OUT
  • WATER FREE GEORGEOUS LANDSCAPED
  • 9.95 GROSS RENT MULTIPLIER, 8.75% CAP RATE, 14.95% CASH ON CASH!!!
  • WE RESPOND TO ALL OFFERS! IT ONLY TAKE MINUTES TO SEND YOUR OFFER IN A SIMPLE EMAIL LETTER OF INTENT!! WE RESPOND QUICKLY!! WE HAVE 1031 PLANS!

OVERVIEW

This is a beautiful 4Plex located just off Highway 111, on the border of La Quinta, in Indio. This Offering consists of four 2 bedrooms, 2 baths. These units are large! Please note assessors square says this complex is 4,058 square feet! That's over 1,000 square feet per unit! Units are separately metered and tenants sign up and pay for electric and gas. Landlord pays water. All units are central heat and cooled. This complex is has been upgraded inside and out. The units have crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the landscaping is drought resistant and takes no water to maintain. Check out the pictures!! This complex really performs! At actual rents are near market, they for month to month and can be raised to market. At market rents, we're putting out: 9.95 Gross Rent Multiplier 8.75% Cap Rate 14.95% Cash on Cash PLEASE SEE MARKETING PACKAGE FOR RENT ROLL AND DETAILS.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

4

PRICE/UNIT

$268,750

CAP RATE

8.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BEAUTIFUL 4PLEX, 8.75% CAP RATE! 14.95% C/C!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

NG-HWY111 SP

APN/PARCEL ID

600-200-007

ASK ABOUT THIS PROPERTY

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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