Nicely renovated and upgraded Fourplex property located in Palm Desert is now for sale. All property improvements were designed to improve energy efficiency, lower operating expenses and attract top market rents. The property is being sold vacant. Projected rents were determined from multiple sources with a projected CAP rate of 5.21%. Expense data shown was from the previous owners. The original plan was to immediately rent all units, but given how rare it is to offer a property vacant, with no tenant obligations, leaves many options open, possibly including 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. The property is centrally located, close to shopping, dining, good schools and freeway. Please Note: This 4-Plex Listing includes 42662 and 42690 Clifford St and includes APN 624242008 and APN 624242009 for a total of two adjacent duplex buildings and 4 units with a shared courtyard. All units are 2bd/2ba units with 1003 sq ft each with private backyard spaces. Each unit has an attached 2-car garage with exterior entry to each garage with alley access. All units include central heating and air conditioning, an inside private washer/dryer and a fireplace. These are low maintenance properties with new desert landscaping, stucco exterior and new steel fencing providing privacy from the alley. Tenants pay utilities and all units are separately metered for electricity and gas. See more comments...
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/30/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/30/23 at 9:06 AM UTC