1900 E Baristo Road

    Palm Springs, CA 92262
    • $1,095,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: 200004587
    $1,095,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    KW Commercial is proud to present a 7-unit multi-family investment property with strong cash flow in the heart of the resort town of Palm Springs, CA. The tenants are long-term and month-to-month; ranging from 1 year to 5 years. The rents for 2020 will generate $80,236 in revenue (which includes $1,000 from the Laundry Room). Operating expenses are estimated to be $27,407 based on 2019 expenses ($13,719) and property taxes based on a $1.095 million valuation ($13,688). Thereby, generating a Net Operating Income of $52,829 for the new owner. The property includes one Studio, five 1-bedroom/1-bath, and one 3-bedroom with 2.5-bath. The Property offers tenants a pool and a small laundry room. PROPERTY HIGHLIGHTS +G- $50,000 in renovations over the last 3 years +G- No Deferred Maintenance +G- Market Rents: 5 Units Eligible for Increases in 2020 Please drive, but do not speak or disturb tenants. With a Letter of Intent, a site visit can be arranged thru listing agents. Please provide lender approval letter Amenities: BBQ Exterior: ,,,,,,

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T00:26:51.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cal American Realty. Licensed in the State of California, USA.

    www.calamericanrealty.com/homes/102664108

    1900 E Baristo Road Palm Springs, CA 92262

    • Price: $1,095,000
    • Status: Active
    • ID#: 200004587
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    County:
    Riverside
    Property Description
    KW Commercial is proud to present a 7-unit multi-family investment property with strong cash flow in the heart of the resort town of Palm Springs, CA. The tenants are long-term and month-to-month; ranging from 1 year to 5 years. The rents for 2020 will generate $80,236 in revenue (which includes $1,000 from the Laundry Room). Operating expenses are estimated to be $27,407 based on 2019 expenses ($13,719) and property taxes based on a $1.095 million valuation ($13,688). Thereby, generating a Net Operating Income of $52,829 for the new owner. The property includes one Studio, five 1-bedroom/1-bath, and one 3-bedroom with 2.5-bath. The Property offers tenants a pool and a small laundry room. PROPERTY HIGHLIGHTS +G- $50,000 in renovations over the last 3 years +G- No Deferred Maintenance +G- Market Rents: 5 Units Eligible for Increases in 2020 Please drive, but do not speak or disturb tenants. With a Letter of Intent, a site visit can be arranged thru listing agents. Please provide lender approval letter Amenities: BBQ Exterior: ,,,,,,
    Exterior Features

    Construction Materials FramePlaster Lot Size Units Square Feet Roof Composition

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 4.82 Country Us Gross Scheduled Income 79236.00 Net Operating Income 52829.00 Operating Expense 27407.00 Property Sub Type Commercial/Residential Total Monthly Rent 6603 Zoning R2

    Listing provided courtesy of Toni Donnet of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-30T00:26:51.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cal American Realty. Licensed in the State of California, USA.

     
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