$1,950,000
$2,275,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
1.71 Acres Lot
SOLD DATE : 08/01/2014
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 214012923DA
Sold Date 08/01/14
Construction Status Updated/Remodeled
HOA Y/N No
Lot Size 1.710 Acres
Property Description
Fantastic investment opportunity in the heart of Indio, California! Huge complex with 33 rentable units, 91% two bedrooms: SIXTEEN 2br/1ba (plus patio), SEVEN 2br/1ba (plus patio), SEVEN 2br/2ba (plus carport & patio above carport), ONE 1br/1ba, TWO studios. Building offers approx. 33,444 sq. ft. of net rentable area, with average unit size a whopping 984 sq. ft.! Property amenities include a 200 sq. ft. property management office, a storage room, and TWO revenue-generating laundry rooms. Sparkling 20 ft. x 40 ft. safety-fenced swimming pool in the complex courtyard. Property exterior completely repainted in March 2014. Individual suites being renovated with fresh paint and newer appliances upon tenant turnover. Offers 32 covered parking stalls, plus additional open spaces. Property is very centrally located, just half block from Indio Plaza Shopping Center, and near Indio Fashion Mall & Tyselling shopping center. Close to Indio High School and Indio Teen Center.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Pool In Ground
View Y/N Yes
View Mountain(s)
Roof Type Composition,Shingle
Private Pool Yes
Building
Lot Description Lawn, Landscaped, Level, Near Public Transit, Paved
Story Two
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 608230016
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Anthony Coleman • Angles