Great Investor Opportunity: CAP RATE 5+ The Annual Income is $61,800 Total monthly rent income $5,125.00 GRM 12.8 / Low Operating Expenses Profitable NOI.
Duplex in downtown Palm Desert Great location in the middle of the San Pablo Redevelopment District. Units are eligible for long-term vacation rental (28 days or more). Newly remodeled September 2022, 100% occupied with new 12-month leases as of October 2022. Each unit has 2 Bedrooms and 1 Bathroom, special features: 1 car garage, shaded private backyards, in-unit laundry, stainless steel appliances, Central air, and Pets Welcomed*.
Directly across from the Community Garden, 2 blocks to a brand-new full-size park with recreational
equipment, picnic tables, open space, restrooms, and more. Less than 2 miles to the shops in El Paso, McCallum Theater, City Civic Center, College
of the Desert, Eisenhower Medical Center, the Living Desert Zoo, and The Palm Desert Mall. Nearby parks are available for sports from soccer to skateboarding. World-Famous Golf, Tennis, and Pickleball tournaments.
Local community facilities include The Palm Desert Aquatic Center, Senior Center, Amphitheater, City Hall, Holocaust, Memorial, Family YMCA, Palm Desert Community Center, and gymnasium. Centrally located just a short drive to Palm Springs, Joshua tree, Big Bear, and Lake Arrowhead.
* Pets are subject to management approval; additional fees will apply.
**Property is unfurnished with exception of previously mentioned appliances
Buyer to perform due diligence with palm desert ( https://www.cityofpalmdesert.org/)
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Data last updated on 3/30/23 at 9:06 AM UTC