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Apartments For Sale • 25,600 SF
| Current CAP Rate of 7.12%, ProForma CAP Rate of 7.47%. All units have been fully renovated & re-tenanted at market-rate rents across the property. |
| All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes. |
| Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations. |
| Located near future Cotino “Storyliving by Disney” in Rancho Mirage. Positioning the property to benefit from substantial projected growth in the area |
| Property is 100% occupied with a Current GRM of 9.50 & a ProForma GRM 9.07. |
| This apartment community may offer potential for future development, featuring multiple flat, buildable areas on the property. ADU potential. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Palm Springs International | 30 min | - | 21.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 32 |
| Type: | Surface |
| Included in Rent: | Yes |
