19
See all 19 photos
$1,075,000
Est. payment /mo
9,583 Sqft Lot
New
80876 US Highway 111 Indio, CA 92201
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW25227616
HOA Y/N No
Year Built 1963
Lot Size 9,583 Sqft
Property Sub-Type Quadruplex
Property Description
This is a beautiful 4Plex located just off Highway 111, on the border of La Quinta, in Indio.
This Offering consists of four 2 bedrooms, 2 baths.
THESE UNITS ARE LARGE!!! Please note assessors says this complex is 4,058 square feet! THAT'S OVER 1,000 SQUARE FEET PER UNIT!!! Units are separately metered and tenants sign up and pay for electric and gas. Landlord pays water. All units are central heat and cooled.
This complex has been upgraded inside and out. The units have newer appliances, crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the beautiful landscaping is drought resistant and takes no water to maintain. Check out the pictures!!
This complex really performs! At actual rents, we are near market, month to month, and can be raised to market rents. At market rents, we're putting out, a 9.95 Gross Rent Multiplier, a robust 8.75% Cap Rate, and a breathtaking 14.95% CASH ON CASH RETURN!!!
PLEASE SEE SUPPLEMENTS FOR MARKETING PACKAGE THAT INCLUDES RENT ROLL, RENT COMPS, INCOME, AND EXPENSES.
This Offering consists of four 2 bedrooms, 2 baths.
THESE UNITS ARE LARGE!!! Please note assessors says this complex is 4,058 square feet! THAT'S OVER 1,000 SQUARE FEET PER UNIT!!! Units are separately metered and tenants sign up and pay for electric and gas. Landlord pays water. All units are central heat and cooled.
This complex has been upgraded inside and out. The units have newer appliances, crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the beautiful landscaping is drought resistant and takes no water to maintain. Check out the pictures!!
This complex really performs! At actual rents, we are near market, month to month, and can be raised to market rents. At market rents, we're putting out, a 9.95 Gross Rent Multiplier, a robust 8.75% Cap Rate, and a breathtaking 14.95% CASH ON CASH RETURN!!!
PLEASE SEE SUPPLEMENTS FOR MARKETING PACKAGE THAT INCLUDES RENT ROLL, RENT COMPS, INCOME, AND EXPENSES.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating None
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 600200007
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Tony Burton Burton Commercial, Inc. 951-375-7433
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