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Listed by Tony Burton • Burton Commercial, Inc.
$1,129,000
Est. payment /mo
4,058 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,058 sqft
Price per Sqft $278
MLS Listing ID CRSW25216674
HOA Y/N No
Year Built 1963
Lot Size 9,583 Sqft
Property Sub-Type Quadruplex
Source Datashare California Regional
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 square 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 is has been upgraded inside and out. The units have crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the landscaping is drought resistant and takes no water to maintain. Check out the pictures!! This complex really performs! At actual rents are near market, they for month to month and can be raised to market. At market rents, we're putting out: 10.45 Gross Rent Multiplier 8.33% Cap Rate 12.86% Cash on Cash PLEASE SEE MARKETING PACKAGE FOR RENT ROLL AND DETAILS. INSTRUCTIONS FOR MAKING OFFERS We make it easy for you. First, we welcome you to send us ANY formal offer as usual. Second, if you wish to save time, you can simply email me (burtonccim@yahoo.com) the basic price and terms of your proposed offer. Either way, we promise to get back to you quickly. We are motived Seller's. We already have 1031 plan
Location
State CA
County Riverside
Interior
Fireplace No
Laundry Gas Dryer Hookup, Laundry Closet, Other
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613