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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.
Last Updated | 10/11/2024 | Year Built | 1980 |
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Community | Not Defined | County | Riverside |
Price History
Prior to Oct 11, '24 | $6,800,000 |
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Oct 11, '24 - Today | $6,595,000 |
Additional Details
AREA | Not Defined |
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HEAT | None |
LOT | 1.28 acre(s) |
LOT DESCRIPTION | 2-5 Units/Acre |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
WATER | Public |
ZONING | R3 |
Location
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