$1,725,000
$1,999,000
13.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
5,152 SqFt
SOLD DATE : 06/28/2024
Key Details
Sold Price $1,725,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,152 sqft
Price per Sqft $334
Subdivision Twin Palms
MLS Listing ID 219110045PS
Sold Date 06/28/24
Style Contemporary
Bedrooms 8
Full Baths 8
Construction Status Updated/Remodeled
Year Built 1975
Lot Size 0.340 Acres
Property Description
Rare opportunity to acquire a well maintained successfully established income property in one of the most desirable locations of South Palm Springs. This modern 6-Unit Courtyard complex (Two 2BDR-2BA and Four 1BDR-1BA) fully occupied with remarkable rental history and high cash-flow, offers stability for any type of investor, first-time purchaser, investors seeking to diversify their portfolio or execute a 1031 exchange. Nestled in the serene Twin Palms neighborhood, the complex features a private and peaceful environment, modern architecture with tall ceilings, stunning mountain views, a private central sparkling pool & spa and manicured landscape. The well-designed layout of each unit provides ample space and flexibility to accommodate a wide range of living arrangement. All separately metered, and with assigned off-street parking, and four units featuring private patios. Among the most recent updates in recent years, four of the six units were renovated with contemporary finishes, quartz countertops, stainless steel appliances, modern showers and more. The roof of unit E was completely redone in 2022, and the L-shaped roof was serviced throughout. The pool decking was redone in 2022. This 6-Unit complex showcases attention to details in every aspect of its maintenance. Its location offers convenient access to renowned dining, shopping, and entertainment options. The property has high rental income with potential for further revenue growth. You Own the Land!
Location
State CA
County Riverside
Area Palm Springs South End
Rooms
Kitchen Remodeled
Interior
Interior Features Cathedral-Vaulted Ceilings, High Ceilings (9 Feet+), Other
Heating Central, Forced Air, Other
Cooling Air Conditioning, Ceiling Fan, Central, Other
Flooring Carpet, Tile
Equipment Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
Laundry Community
Exterior
Garage Assigned, Other
Garage Spaces 9.0
Pool Community, Gunite, In Ground
View Y/N Yes
View Mountains, Panoramic, Pool
Building
Lot Description Front Yard, Landscaped, Lot Shape-Rectangular
Story 1
Foundation Slab
Sewer In Connected and Paid
Water Water District
Architectural Style Contemporary
Structure Type Other, Stucco
Construction Status Updated/Remodeled
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Thunderbird Realty
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