Multifamily Property For Sale - Bread & Butter Rentals with Private financing

511 E. Chuckwalla Road, Palm Springs, CA, 92262

 
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Multifamily For Sale
Palm Springs, CA
California

Bread & Butter Rentals with Private financing

 

511 E. Chuckwalla Road

Palm Springs, California 92262
County: Riverside
 
   Photos
Image 1 of 1
 
 
  For Sale Active  
Type:Multifamily
Garden/Low-Rise
No. Units:5
Building Size:2,600 SF
Lot Size:10,395 SF
Occupancy:100.00%
Price:$549,000
Price/Unit:$109,800
GRM:12.00
Cap Rate:4.89%
Year Built:1960
Date Last Verified:12/18/2008
Property ID:15706289
 
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 Additional Information 

Property Description:
Five well kept Bread & Butter rentals consisting of 2 one bedroom units, 2 large studios suites with separate kitchens, and 1 Studio.
All surround a true desert pool area.
Existing Financing may be assumable to qualified buyer at 6.75% with 30%LTV

Location Description:
LOCATION LOCATION LOCATION. a TRULY GREAT RENTAL AREA FOR BREAD AND BUTTER TYPE RENTALS. Near Downtown Palm Springs and the Spa Resort Casino. Walking distance to Desert Regional Medical Center and the NEW RIVIERA RESORT.
PRIME RENTAL AREA.

No. Stories:1Commission Split:2.5%
Parking Ratio:6 / 1,000 SF
TaxID/APN:507024009
 Highlights 
•This is a no nonsense well maintained bread and butter rental in a great rental area for this type of building.•Private Loan to qualified buyer at 6.75% with 30%LTV
  Financial Summary Actual  
Year:2007
Scheduled Gross Income:$44,700
Effective Gross Income:$43,359
Operating Expenses:$16,487
Net Operating Income:$26,871
 
  Unit Mix Information
#1
Avg. Mo. Rent: $695
 
#2
Avg. Mo. Rent: $690
 
#3
Avg. Mo. Rent: $825
 
#4
Avg. Mo. Rent: $825
 
#5
Avg. Mo. Rent: $675
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
5/10/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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