Residential Income, Mid-century - Palm Springs, CA

Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms with about 9,000 sf+\/- (buyer to verify). It is comprised of (2) 3BR\/2BTH units, (5) 2 BR\/1BTH units and a (1) 1BR\/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals or converting it to a sober living home, senior living community or a possible condo conversion. Zoned R-2. Projected rents estimated at $15K+ per month. NOTE: Unit #1-3BR\/2BTH is owner occupied and not on rent roles. CAP rate of 6% estimated. Units have modern, high end kitchens\/bathrooms, tile flooring throughout, high ceilings, dual pane windows, washer\/dryer in every unit and individual gas\/electric meters. Complex close to public transportation and shopping. This is a superior complex ready for your investment direction. MLS pictures from 2018.