Listing Courtesy of: Desert Area MLS / The Firm Brokerage
561 Highland Drive Palm Springs, CA 92264
Active (72 Days)
$6,995,000
Description
MLS #:
219115030
219115030
Lot Size
1 acres
1 acres
Type
Multifamily
Multifamily
Year Built
1962
1962
Views
Mountain(s)
Mountain(s)
County
Riverside County
Riverside County
Listed By
Adam M Gilbert, The Firm Brokerage
Source
Desert Area MLS
Last checked Oct 18 2024 at 4:59 AM GMT+0000
Desert Area MLS
Last checked Oct 18 2024 at 4:59 AM GMT+0000
Bathroom Details
- Full Bathrooms: 31
- Half Bathrooms: 5
Subdivision
- Demuth Park
Property Features
- Fireplace: Living Room
- Fireplace: Gas Starter
Heating and Cooling
- Central
- Air Conditioning
Pool Information
- In Ground
- Community
Flooring
- Tile
Utility Information
- Sewer: Connected and Paid, In
Parking
- Total Uncovered/Assigned Spaces
- On Street
- Assigned
Living Area
- 29,000 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Desert Area MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 10/17/24 21:59
32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000.
Key Features:
509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.
561: 5 units all 1 bedroom 1 bath.
579: 10 units 2- 2 beds, 7 1 beds and 1 studio
Swimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile.
Pools are SOLAR heated.
Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.
Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.
Conveniences: On-site laundry facilities and trash pickup for all buildings.
Secure Entry: All buildings have keypad secure safe entry system.
Parking: Ample parking available for all tenants and guests.
Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.
Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.
Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.