Listed by Doug Fischer, Coldwell Banker Realty,

74340 Magnesia Falls Drive

Palm Desert, CA, 92260

$1,625,000

$1,625,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1989
Wow. Don't miss this newer, well maintained residential income property located in a very desirable neighborhood. Excellent location with high rental demand. This well maintained 4-plex is located in the heart of Palm Desert close to desired schools in a favored school district. The property consists of two 3bd/2ba units (end units #1 and #4) and two 2bd/2ba units (the middle units #2 and #3). All tenants are on month to month leases. There is a private community pool area with mountain views located in a quiet e cul-de-sac shared by other fourplex properties with an HOA taking care of common areas, landscaping and pool/spa. Major roof work was completed in 2021 and new A/C's were installed in 3 units within the past 3-5 years with recent work done. All units offer nice privacy, enclosed patio spaces, two with fireplaces, private inside laundry and attached double car garages. Upside potential to renovate and remodel units and get top market rents. An identical 4-plex sister property, located in the same HOA, just appraised and sold and closed for $1,600,000. Please ask for Income, Expense, Rent Roll and Projected Rent Statements. The owner is willing to provide some creative seller financing options for a qualified buyer.
MLS® ID:
219079970DA
Listed:
5/17/22
Updated:
8/12/22

Interior Features

Kitchen Appliances
Dishwasher, Electric Cooking, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
Total Bedrooms
0
Total Bathrooms
0
Floor Description
Carpet, Tile
Fireplace
Gas, Living Room
Cooling
Central Air, Electric
Heating
Central, Electric, Fireplace(s)

Exterior/Building Features

Lot Size
0.3 acres lot
Lot Details
Landscaped, Paved
Roof
Composition, Tile

Other Property Details

Area Name
322 - North Palm Desert
HOA Amenities
Other
Garage
Yes
Garage Spaces
8
Parking
Garage, Garage Door Opener, Other
Parking Total
10.0
View
N
County
Riverside
Pool
Yes
Pool Description
Community, Gunite, Gas Heat, In Ground
Total Stories
1

 

Listed by Doug Fischer, Coldwell Banker Realty,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/12/22. 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.

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Data last updated 8:59 AM UTC, 8/12/22

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