Try Advanced Home Search

Hometuity Connects Directly To The MLS and Updates Every 5 Minutes

Property Description

Prime Investment Opportunity and Entire City Block for Sale!32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.561: 5 units all 1 bedroom 1 bath.579: 10 units 2- 2 beds, 7 1 beds and 1 studioSwimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated.Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.Conveniences: On-site laundry facilities and trash pickup for all buildings.Secure Entry: All buildings have keypad secure safe entry system.Parking: Ample parking available for all tenants and guests.Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.Economies of Scale – has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.

Features
: In ground, Community
: Central
: Mountain(s)
1
0
Additional Information
The Firm Brokerage
0
PS47926
PS8312
Adam
680032008
: Standard
One
32

Multi-Family For Sale

561 Highland Drive, Palm Springs, California 92264

$6,995,000
Listing ID #219115030PS
Basic Details
Status : Active
DaysOnMarket : 91
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 219115030PS
Price : $6,995,000
Lot Size : 81,624 Sqft
Year Built : 1962
Country : US
State : California
County : Riverside
City : Palm Springs
Zipcode : 92264
Price Per Square Foot : $241
Subdivision : Demuth Park
ModificationTimestamp : 2024-11-05 22:18:23
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent