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$5,695,000
Est. payment /mo
7 Beds
4 Baths
1.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26016411
Bedrooms 7
Lot Size 1.280 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
TRUE +7% CAP - John Nobles Townhomes - Multi-Family - Current CAP Rate of 7.13%, ProForma CAP Rate of 7.74%. 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. The John Nobles Apartments, a freshly renovated 24-unit apartment complex located in sunny Indio, CA. Built in 1980, the apartments are located on a 1.280 acre lot. The two buildings are composed of Sixteen (16) Three-Bedroom units & Eight (8) Four-Bedroom units, all featuring a spacious & comfortable 2-story townhome design. Amenities include onsite parking, essential appliances in each unit & private vinyl-fenced backyards.
Location
State CA
County Riverside
Zoning Public Rec
Direction From I-10, take Monroe St south, turn left on Avenue 82, then turn right on John Nobles Ave to the property on the right.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 614120002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by DARREN CORREA, DRE#02066621 LE INVESTMENT GROUP
Nearby School & Business
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