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Palm Springs Apartment Buildings for Sale
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Apartment Buildings For Sale in Palm Springs
Palm Springs has a strategic location with a unique geographical layout that supports various property types, including Apartment Buildings. The city's infrastructure includes Palm Springs International Airport and several highways, which is beneficial for residents and investors of multifamily properties. There are educational opportunities with institutions like Palm Springs High School and nearby campuses of California State University and University of California in Palm Desert. The Sonoran Desert and mountain ranges, along with over 300 days of sunshine, make Apartment Buildings in Palm Springs attractive for those seeking a stable climate and scenic views.
The city has an inventory of 11 Apartment Building listings, showing Palm Springs' ability to meet the increasing demand for multifamily living spaces. These properties are set against a background of mid-century modern architecture and culturally rich neighborhoods. Recreational amenities like the Palm Springs Aerial Tramway and VillageFest add to the appeal of these properties. Retail Space listings provide commercial opportunities due to the city's steady tourism and local consumer base. Shopping Centers in Palm Springs are commercial centers that benefit from high visibility and traffic. Residential Income Properties offer investors the chance to capitalize on the city’s seasonal population increases. Office Space is available for business professionals and entrepreneurs looking for a good working environment in this desert city. The real estate landscape in Palm Springs is diverse, with each type of property having its own appeal in a city that is historically rich and looking towards the future.
Learn About Apartment Buildings For Sale in Palm Springs
What is the largest apartment building available to buy in Palm Springs?
The largest apartment building listing available for purchase in Palm Springs spans 37,700 SF.
How many apartment building listings are available for sale in Palm Springs?
Currently, there are 11 apartment building listings available for sale in Palm Springs.
Why is Palm Springs an ideal location for apartment building listings?
Palm Springs is sought after for its comprehensive transport links, cultural and recreational offerings, and consistent sunshine.
How much does it cost to buy an apartment building in Palm Springs?
The cost to purchase an apartment building in Palm Springs varies.
- The average price per square foot for these listings is $436.
- On average, the available apartment buildings have a size of 8,617 SF.
What factors should I consider when searching for apartment buildings for sale in Palm Springs?
When evaluating apartment buildings for sale in Palm Springs, consider the following points to guide your search:
- Assess the local market conditions, including the average price per square foot, which is $436, and the average size of apartment buildings, noted at 8,617 SF.
- Consider the area's demographic and seasonal population changes, ensuring the property meets the needs of a diverse population that often expands in the winter months.
- Explore proximity to key amenities and public transportation options, which can enhance the appeal of the property to potential tenants.
What is the maximum cap rate for apartment buildings in Palm Springs?
The maximum cap rate for apartment buildings in Palm Springs is 6.49%.
- Cap rates are a measure of the expected return on an investment property.
- This rate can inform investors about the potential income relative to the purchase price of the property.
- Apartment buildings in Palm Springs offer a maximum cap rate that reflects the city's status as a sought-after retirement and winter destination.
Apartment Buildings in Palm Springs - Cap Rate Data
| Apartment Building Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 6.49% |
| Average | 5.50% |
| Minimum | 4.53% |
Apartment Buildings in Palm Springs - Overall Summary
| Apartment Building Metric | Summary Value |
|---|---|
| Avg Size | 8,617 SF |
| Avg Price Per Square Foot | $436 |
| Avg Cap Rate | 5.50% |
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