82451 John Nobles Ave - Apartments FOR SALE
Indio, CA 92201 |
82451 John Nobles Ave
Indio, CA 92201
HIGHLIGHTS
- Current CAP Rate of 7.12%, ProForma CAP Rate of 7.47%. All units have been fully renovated & re-tenanted at market-rate rents across the property.
- All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes.
- Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations.
- Located near future Cotino “Storyliving by Disney” in Rancho Mirage. Positioning the property to benefit from substantial projected growth in the area
- Property is 100% occupied with a Current GRM of 9.50 & a ProForma GRM 9.07.
- This apartment community may offer potential for future development, featuring multiple flat, buildable areas on the property. ADU potential.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
TRUE +7% CAP - John Nobles Townhomes
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
25600
STORIES
2
YEAR BUILT
1980
PARKING SPACES
32
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
614-120-002
