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Listed by Tony Burton • Burton Commercial, Inc.
$ 899,000
Est. payment /mo
Price Dropped by $31K
343 West Tramview Road Palm Springs, CA 92262
3,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $280
Subdivision Desert Highland Gateway
MLS Listing ID SW-25057294
Year Built 1965
Lot Size 7,405 Sqft
Property Sub-Type Quadruplex
Property Description
THIS IS A SMOKING DEAL!!! CHECK OUT LATEST PALM SPRING SALE COMPS ATTACHED IN SUPPLEMENTS. PRICES RANGE FROM $1,035,000 TO $1,579,000! AND WE ARE ASKING $899,000!!! This fine 4Plex is located just off Highway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. SELLER WILL PROVIDE FINANCING WITH ONLY $250,000 DOWN!!! THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. All units have laundry hook ups! Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.39 Gross Rent Multiplier, a 9.31% Cap Rate, and a robust 19.31% Cash on Cash Return. Check out FOUR NEARBY RENT COMPS AT $1,995 MONTHLY in Supplements attached!! For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached. Buyer/Buyer's agent to provide all their required disclosures, and provide and pay for all TC services for Buyer and Seller including all documents including through DocuSign.
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Zoning RGA
Interior
Heating None
Laundry Inside
Exterior
Parking Features Gated
Pool None
Community Features Gutters
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer