$6,995,000
Active
59 Days Online
0 Beds0 Baths0 SQFT
Active

561 Highland Drive Palm Springs, CA 92264

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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

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Monthly Payment (Est.)

$35,150
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