1800 Smoke Tree Lane

Palm Springs, CA 92264
  • $2,950,000
  • STATUS: Active
  • ON SITE: 424 days
  • MLS #: 216030166
UPDATED: 15 min ago
$2,950,000
  • 53
    BEDS
  • 3.29
    ACRES
  • 53
    BATHS
  • 0
    1/2 BATHS
  • 425
    SQFT
  • $6,941
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

School District:

Description

Sellers motivated! Updated information provided 11.20.17 - now a 5% cap rate! Smoke Tree Apartments - 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP - Potential to QUADRUPLE income!

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©2017 Desert Area MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Luxury Homes by Keller Williams. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Desert Area Multiple Listing Service. Real estate listings held by brokerage firms other than Luxury Homes by Keller Williams are marked with the IDX logo and detailed information about them includes the name of the listing broker. Data last updated: 2017-12-14T13:35:52.693.
www.bradschmett.net/homes/67319442

1800 Smoke Tree Lane Palm Springs, CA 92264

  • Price: $2,950,000
  • Status: Active
  • Updated: 15 min ago
  • MLS #: 216030166
53
Beds
53
Baths
0
½ Baths
3.29
Acres
425
SQFT
$6,941
$/SQFT
Neighborhood:
Smoketree Ranch
County:
Riverside
Area:
Palm Springs South E
School District:
Palm Springs Usd
Property Description
Sellers motivated! Updated information provided 11.20.17 - now a 5% cap rate! Smoke Tree Apartments - 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP - Potential to QUADRUPLE income!
Exterior Features

Building Style Traditional Carport Or Covered Spaces 0 Construction Frame And Stucco Foundation Concrete Slab Lot Description CurbsFront YardLandscapedSidewalksStorm DrainsStreet LightingStreet PavedStreet PublicUtilitiesunderground Other Structures Accessory BldgsPool House Paved Yes Pool Yes Pool Accessories Safety Gate Pool Construction GuniteIn Ground Pool Descriptions Pool Not HeatedPool-Exercise Pool Location Community Pool Roofing Shingle-Composition Spa Hot Tub Construction Gunite Spa Hot Tub Description Spa-CommunitySpa-FencedSpa-HeatedSpa-Heated/Gas Spa Hot Tub YN Yes Total Other Spaces 0 Total Parking Spaces 0 View Yes

Interior Features

Avg Sq Ft Studio 400 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 53.00 Cooling Type Air Conditioning Elevators No Entry Location Other Fireplace No Heating Fuel Natural Gas Heating Type Forced Air Laundry Equipment Own Water Heater Yes Water Heater Features Gas Window Treatments BlindsMini BlindsVertical Blinds

Property Features

Act Total Rent 411720.00 Ada Compliant No Adj Gross Income 0.00 Amenities Card RoomClub HouseMeeting RoomOnsite ManagementPet Rules Annual Gross Rent 411720.00 Annual Land Lease Amount 59519.40 Community Features Community Mailbox Cross Street Address Hwy. 111 (East Palm Canyon Dr Disclosures Property As Is Green Year Certified 0 Gross Annual Income 415559.00 Gross Operating Inc 415559.00 Gross Schedule Inc 0.00 Land Lease Landlord Pays For ElectricGardenerGasPool ServiceWaterOther Laundry Yes Laundry Description Coin Lot Size Source (Assessor) MLS California Desert Aor Mls Monthly Gross Income 34310.00 Net Operating Inc 209534.00 Number Of Buildings 7 Operating Expenses 206025.00 Possession Close Of Escrow Property Condition Updated/Remodeled Property Subtype Residential Income Realtor Association California Desert Association Of Realtors Sale Type Standard Sale Sewer InConnected & Paid Square Footage Source Other Tax Mello Roos No Tax Rate 0.00 Terms CashCash To New LoanTrade Total Annual Op Exp 206025.00 Total Taxes 0.00 Tv Services Cable Type Of Business Next To ShoppingRestaurantsMinutes To Airport Water In StreetMutual Water Source

Listing information © 2017 Desert Area MLS
Listing courtesy of Leonard Bustos & Associates.
©2017 Desert Area MLS. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Luxury Homes by Keller Williams. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Desert Area Multiple Listing Service. Real estate listings held by brokerage firms other than Luxury Homes by Keller Williams are marked with the IDX logo and detailed information about them includes the name of the listing broker. Data last updated: 2017-12-14T13:35:52.693.
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