561 Highland, Palm Springs CA 92264 | $6,995,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 81624 Lot Sq Ft
  • Type:
  • Stories: 1
  • Year Built: 1962
  • MLS#: 219115030PS
  • Community: 334 - South End Palm Springs

Listing provided courtesy of Adam Gilbert of The Firm Brokerage. Last updated 2024-11-28 09:11:51.000000. Listing information © 2024 SANDICOR.

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.

More Details

1.87 Acres
1 Story

David Piper

Call or Text: 858-525-5007

DRE# 02021985