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49270 Cochran Dr

Indio, CA 92201
  • $18,990,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: SW22131511
UPDATED: 20 min ago
$18,990,000
  • 0
    BEDS
  • 4.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): James Brennan of Brenson Realty, Inc. (951-695-9555)


Description

Welcome to Aspire a 32 unit condo project located in the beautiful, gated community of Indian Palms Country Club. Aspire is a community of 1 Duplex and 10 triplexes, all single-story. There are three floorplans ranging from 1,665 sf 3 beds/2baths to 1,882 sf 3 or 4 beds, 2 baths. Amenities exclusively for Aspire include a pool, spa, shade structures, 1/4 mile walking path, desert garden, private backyards, covered patios and much more. Interiors feature 9 foot ceilings, vinyl plank flooring, real wood cabinets, quartz counters, LED lighting, paid solar and stainless steel appliances. Amazing opportunity to own 32 long-term, seasonal or short term rentals. Located less than 1 mile from Empire Polo Club, Coachella and Stage Coach where all the music festivals are held. Tenants could walk or bike to the festivals in a few minutes. First phase construction of 17 homes will be completed in Sept 2022. Second phase construction of 15 homes will be completed late 2022 or early 2023. Call for your showing!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T10:30:17.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
www.bradschmett.net/homes/129955958
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49270 Cochran Dr Indio, CA 92201

  • Price: $18,990,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 20 min ago
  • MLS #: SW22131511
0
Beds
0
Baths
0
½ Baths
4.8
Acres
2022
Built
Neighborhood:
Indian Palms (31432)
County:
Riverside
Area:
314 - Indio South of East Valley
Property Description
Welcome to Aspire a 32 unit condo project located in the beautiful, gated community of Indian Palms Country Club. Aspire is a community of 1 Duplex and 10 triplexes, all single-story. There are three floorplans ranging from 1,665 sf 3 beds/2baths to 1,882 sf 3 or 4 beds, 2 baths. Amenities exclusively for Aspire include a pool, spa, shade structures, 1/4 mile walking path, desert garden, private backyards, covered patios and much more. Interiors feature 9 foot ceilings, vinyl plank flooring, real wood cabinets, quartz counters, LED lighting, paid solar and stainless steel appliances. Amazing opportunity to own 32 long-term, seasonal or short term rentals. Located less than 1 mile from Empire Polo Club, Coachella and Stage Coach where all the music festivals are held. Tenants could walk or bike to the festivals in a few minutes. First phase construction of 17 homes will be completed in Sept 2022. Second phase construction of 15 homes will be completed late 2022 or early 2023. Call for your showing!
Exterior Features

Entry Level 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 32 Parking Features Garage Parking Total 2 Pool Features CommunityAssociation Pool Private YN No Property Attached YN Yes Roof Concrete View Mountain(S) View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Central Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Amenities ClubhouseFitness CenterOutdoor Cooking AreaPoolSpa/Hot TubTennis Court(S) Common Interest Planned Development Community Features BikingGolfPool Contingency None Electric Expense 6000 Garage YN Yes Green Energy Efficient AppliancesHvacInsulationThermostatWater Heater Green Energy Generation Solar Green Water Conservation Water-Smart Landscaping Gross Income 1365000 Gross Scheduled Income 1365000 Insurance Expense 2000 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 887250 New Construction YN Yes Number Of Separate Gas Meters 32 Number Of Separate Water Meters 32 Operating Expense 409500 Pest Control Expense 2000 Pool Expense 3600 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TvGasInsurance Total Actual Rent 1365000 Trash Expense 9000 Utilities Cable Available Vacancy Allowance Rate 5 Water Sewer Expense 6000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T10:30:17.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brad Schmett Real Estate Group. Licensed in the State of California, USA.
 
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Brad Schmett Real Estate Group
760-880-5845
La Quinta and Palm Springs CA,
Listing Agent(s): James Brennan of Brenson Realty, Inc. (951-695-9555)