SELLER FINANCING IS AVAILABLE – INQUIRE FOR TERMS. This Spanish Hacienda style apartment complex, dubbed Casa de Palmera, comprises three separate buildings totaling 18 units on nearly an acre in Tahquitz River Estates. It’s rare that a property of this caliber and potential becomes available in Palm Springs. All units are equipped with central AC, full appliance suites, oversized living spaces and bedrooms, and many units have one or two large private patios. All tenants are month-to-month and many are long-term residents. Unit Breakdown: four – 2BR/2.5BA two-story townhouses, four – 2BR/2BA single-level units, four – 1BR/1BA single-level units, and six – 1BR/1BA single-level "casita" units with no unit above. All units are currently below market rents. Other property highlights include: outstanding mountain views, lush green spaces, close proximity to public transportation, food, grocery, financial institutions, and downtown Palm Springs, owned laundry facilities, and abundant value-add opportunities.
Property Details
Price:
$4,725,000
MLS #:
22182577
Status:
Closed ((Jan 22, 2024))
Baths:
0
Address:
225 E Avenida Palmera
Type:
Residential Income
City:
Palm Springs
Listed Date:
Jul 27, 2022
State:
CA
ZIP:
92264
Subdivision:
Tahquitz River Estates
Lot Size:
40,511 sqft / 0.93 acres (approx)
Year Built:
1976
Schools
Interior
Appliances
Dishwasher, Refrigerator, Oven, Microwave
Cooling
Central Air
Fireplace Features
None
Heating
Central
Interior Features
Ceiling Fan(s)
Exterior
Foundation Details
Slab
Lot Features
Lawn, Landscaped
Parking Features
Carport, Detached Carport, Covered, Street, Uncovered
Pool Features
In Ground, Filtered
Sewer
Sewer Paid
Spa Features
Heated, In Ground
Stories Total
2
View
Park/ Greenbelt, Mountain(s)
Water Source
Public
Financial
Tenant Pays
Electricity, Gas, Insurance
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225 E Avenida Palmera
Palm Springs, CA
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