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.
Property Details
Price:
$6,995,000
MLS #:
219115030PS
Status:
Active
Baths:
0
Address:
561 Highland Drive
Type:
Residential Income
Subdivision:
Demuth Park
City:
Palm Springs
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
92264
Lot Size:
81,624 sqft / 1.87 acres (approx)
Year Built:
1962
Schools
Interior
Fireplace Features
Gas Starter, Living Room
Flooring
Tile
Heating
Central
Exterior
Garage Spaces
0.00
Parking Features
Assigned, Street
Pool Features
Community, In Ground
Security Features
Gated Community
Stories Total
1
View
Mountain(s)
Financial
Association Fee
0.00
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561 Highland Drive
Palm Springs, CA
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