Property Details

622 S Warm Sands Dr.
Palm Springs, CA 92264

Price
$905,555
GRM
12.8  
GSI
$70,440  
NOI
$43,938  
CAP Rate
5  
Units
6  
Price/unit
$150,926  
Square Footage
4,495  
Price/sqft
$201  
Lot Size (sqft)
12,500  
Year Built
1960  

Property Description

South Palm Springs apartment building for sale in Warm Sands, Five - 2 bed 1 bath units and One - 1 Bed 1 Bath. Very high demand rent area provides very little turnover, rents are under market rates which provides an upside opportunity to a new investor.

Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Existing Gross Scheduled Income is $70,440, with existing rents being ± 15% under market value.


Unit Composition

QtyBedroomsBathrooms
52 Bedroom1 Bath
11 Bedroom1 Bath

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