343 W Tramview Road,Palm Springs, CA 92262
Palm Springs, CA 92262
Description
OWNER WILL CARRY!!! This fine 4Plex is located just off Highway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. SELLER WILL PROVIDE FINANCING WITH ONLY $250,000 DOWN!!! Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached. Buyer/Buyer's agent to provide all their required disclosures, and provide and pay for all TC services for Buyer and Seller including all documents including through DocuSign.
Details
| MLS# | SW25057294 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 46 |
| Listing Provided By | Burton Commercial, Inc. 951-375-7433 | Tony Burton |
Features
| SQ Feet | 3,200 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | RGA |
| Acreage | 0.17 |
Market Activity 92262
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Palm Springs |
| Zip Code | 92262 |
| Area | 331 North End Palm Springs |
| Community Name | Tranview |
| Listing VS Median (in Tranview) | |
Price: $930,000 low | high Med: $930,000 SqFt: 3,200 low | high Med: 3,200 $ / SqFt: $291 low | high Med: $291 On site: 46 low | high Med: 46.000000 | |