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Prime Investment Opportunity and Entire City Block for Sale!32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.561: 5 units all 1 bedroom 1 bath.579: 10 units 2- 2 beds, 7 1 beds and 1 studioSwimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated.Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.Conveniences: On-site laundry facilities and trash pickup for all buildings.Secure Entry: All buildings have keypad secure safe entry system.Parking: Ample parking available for all tenants and guests.Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.
Property Type(s):
Residential Income
| Last Updated | 8/6/2024 | Tract | Demuth Park |
|---|---|---|---|
| Year Built | 1962 | Community | South End Palm Springs |
| County | Riverside |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | South End Palm Springs |
| FIREPLACE | Yes |
| GARAGE | Assigned, On Street |
| HEAT | Central |
| HOA DUES | 0 |
| LOT | 1.87 acre(s) |
| PARKING | Assigned,On Street |
| POOL | Yes |
| POOL DESCRIPTION | Community,In Ground |
| STORIES | 1 |
| SUBDIVISION | Demuth Park |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
Location
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