73625-73665 Fred Waring Dr 9 Unit Apartment Building $2,750,000 ($305,556/Unit) 4.52% Cap Rate Palm Desert, CA 92260

Embark on the opportunity to be the proud owner of 73625-73665 Fred Waring Drive, an 11,916-square-foot multifamily structure spanning three triplexes at full occupancy in Palm Desert, California. This apartment complex comprises a straightforward unit mix of nine 1,325-square-foot two-bed, two-bath units. The large units sport cathedral ceilings, a private patio or yard area, a one-car garage, and a carport. The remarkable properties were built in 1986 and renovated in 2020, with new roofs completed in 2024. This exceptional community has been well maintained for the past eight years by Jeannie Niles Real Estate Investment.

73625-73665 Fred Waring Drive is an ideally located multifamily property in the heart of Palm Desert, California. Situated just across from the sprawling Palm Desert Civic Park, this apartment complex provides tenants with immediate access to lush green spaces, recreational facilities, and walking paths. Only two blocks away from the College of the Desert, this location attracts both students and professionals. A short three-minute drive leads to The Shops at Palm Desert, featuring prominent retailers such as Macy's, Barnes & Noble, Dick's Sporting Goods, and a variety of dining options. This prime location presents a unique opportunity to invest in a highly desirable and well-connected Palm Desert community.