CA > Palm Springs > Desert Highland Gateway
Palm Springs, CA 92262,343 West Tramview Road
Palm Springs, CA 92262,343 West Tramview Road
Palm Springs, CA 92262,343 West Tramview Road
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Tony Burton • Burton Commercial, Inc.
$899,000
Est. payment /mo
3,200 SqFt
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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

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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