561 Highland Drive Palm Springs, CA 92264
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 TypeMulti-Family
- NeighborhoodDemuth Park
- CountyRiverside
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site58 Days
- MLS StatusActive
- MLS ID Number219115030PS
- Home Size Source N/A
- Year Built1962
- Lot Size1.8738 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking AssignedStreet
- Parking Spaces 10
- Number of Stories 11
- Acreage 1.8738
- Security Gated Community
- Garage Spaces 0
- Listing Conditions Standard
Interior Features
- Heating Central
- Flooring Tile
- Fireplace Features Gas StarterLiving Room
- Fireplace Yes
Exterior Features
- View Mountain(s)
- Pool true
- Spa No
- Pool Features CommunityIn Ground
- Private Pool true
Community Features
- Association Dues 0
- Senior Community No
- MLS Area 334 - South End Palm Springs
- Security Features Gated Community