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.