82451 John Nobles Avenue Indio, CA 92201
The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.48%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 5.74%. ProForma GRM of 10.29 with a current GRM of 11.24 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyRiverside
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site64 Days
- MLS StatusActive
- MLS ID NumberIV24170406
- Home Size Source N/A
- Year Built1980
- Lot Size1.28 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 22
- Acreage 1.28
- Water Public
- Property Sub Type Apartment
- Garage Spaces 0
- Zoning R3
- Listing Conditions Standard
Interior Features
- Heating None
- Laundry Features Washer Hookup
Exterior Features
- Pool Features None
- Lot 2-5 Units/ Acre
Community Features
- Community Features Sidewalks
- Senior Community No
- MLS Area 699 - Not Defined