$950,000
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This is the building for you if you’re looking for a good return with low hassle. The building and parking area are in excellent condition with almost no common area to maintain and minimal exterior lighting. Location in DeMuth Park West which is a quiet neighborhood in central Palm Springs. Demuth Park sits on the south side of the neighborhood, giving the locals a 61-acre public green space full of sports fields, tennis courts, and playgrounds. Residents also enjoy easy access to many of Palm Springs’ legendary golf courses such as Mesquite Golf Club and Tahquitz Creek Golf Resort. The community’s location just south of Palm Springs International Airport is perfect for traveling professionals and airport employees. Financial information provided is from 2023 directly from the property manager income statement. Water, trash, sewer, and insurance numbers are from 2022. Property taxes not included in CAP rate calculations.
0-1 Unit/Acre, Near Park, Paved
Based on information from California Regional Multiple Listing Service, Inc. as of May 18th, 2024 at 9:50am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.