$ 6,595,000
82451 John Nobles AVE Indio, CA 92201
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$ 6,595,000
Est. payment | /mo
1.28 Acres Lot
$ 6,595,000
Est. payment | /mo
1.28 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV24170406
HOA Y/N No
Year Built 1980
Lot Size 1.280 Acres
Property Description
The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region.
Location
State CA
County Riverside
Area 699 - Not Defined
Zoning R3
Interior
Heating None
Fireplace No
Laundry Washer Hookup
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 614120002
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by ALBERT LE • LE INVESTMENT GROUP • 909-256-7889