The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California’s Colorado Desert region.
Property Details
Price:
$6,595,000
MLS #:
IV24170406
Status:
Active
Baths:
0
Address:
82451 John Nobles Avenue
Type:
Residential Income
Subtype:
Apartment
City:
Indio
Listed Date:
Jul 19, 2024
State:
CA
ZIP:
92201
Lot Size:
55,757 sqft / 1.28 acres (approx)
Year Built:
1980
Schools
Interior
Heating
None
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
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82451 John Nobles Avenue
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