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2685 N Junipero AVE Palm Springs, CA 92262
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Key Details
Sold Price $1,160,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,206 sqft
Price per Sqft $361
Subdivision Chino Canyon
MLS Listing ID 219069430
Bedrooms 8
Full Baths 5
Year Built 1964
Lot Size 0.260 Acres
Property Description
Nicely renovated and upgraded Fourplex property located in the Little Tuscany neighborhood of Chino Canyon in Palm Springs is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is currently vacant, however it can be sold fully occupied with all tenants on one-year leases or otherwise, if negotiated. The property has been under Property Management and rents have been confirmed for the current market rate with a projected CAP rate of 5.37%, possibly higher. The original plan was to immediately rent all units, which are in high demand, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, including short term vacation rentals, keeping one unit or more for personal or family use or simply having control over who you wish to rent for and for what terms. A List of Upgrades and Renovation Work, Floor Plans, Income, Operating Expenses and projected Rent Roll available upon request.
Location
State CA
County Riverside
Area 331 - Palm Springs North End
Interior
Heating Central, Natural Gas, Other
Cooling Air Conditioning, Central Air, Other
Exterior
View Y/N false
Building
Lot Description Back Yard, Level
Story 1
Sewer In, Connected and Paid
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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