36
See all 36 photos
$1,129,000
Est. payment /mo
9,583 Sqft Lot
New
80876 US Highway 111 Indio, CA 92201
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SW25216674
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 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 plans after the sale of this property and wish to move quickly. BRING US AN OFFER AND LET'S DO A DEAL! THANK YOU!!
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 plans after the sale of this property and wish to move quickly. BRING US AN OFFER AND LET'S DO A DEAL! THANK YOU!!
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Laundry Closet
Exterior
Carport Spaces 8
Pool None
Community Features Valley
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Septic Tank
Water Public
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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