73305-73315 Royal Palm Drive

    Palm Desert, CA 92260
    • $890,000
    • STATUS: Active
    • ON SITE: 75 days
    • MLS #: 218020422
    UPDATED: 12 min ago
    $890,000
    • 8
      BEDS
    • 0.4
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 6,552
      SQFT
    • $136
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.

    Monthly Payment Calculator

    ©2018 California Desert Association of Realtors. 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 Brad Schmett Real Estate Group or eXp Realty of California, Inc.. Based on information from the California Desert Association of Realtors as of 2018-11-20T17:35:59.503. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.bradschmett.net/homes/87208542

    73305-73315 Royal Palm Drive Palm Desert, CA 92260

    • Price: $890,000
    • Status: Active
    • Updated: 12 min ago
    • MLS #: 218020422
    8
    Beds
    8
    Baths
    0
    ½ Baths
    0.4
    Acres
    6,552
    SQFT
    $136
    $/SQFT
    1966
    Built
    Neighborhood:
    Not Applicable-322
    County:
    Riverside
    Area:
    Palm Desert North
    Property Description
    Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.
    Exterior Features

    Building Style MediterraneanMid Century Carport Or Covered Spaces 0 Casita Guesthouse None Construction Frame And Stucco Exterior Construction StuccoWood Foundation Concrete Slab Lot Description 2 - 4 LotsCurbsLot Shape-RectangleStreet PavedStreet Public Lot Location Corner LotNear Public Transit Pool No Roofing CompositionFoam Spa Hot Tub YN No Total Other Spaces 6 Total Parking Spaces 10 View No

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 1638 Avg Sq Ft3 Bedroom 0 Bathrooms 8.00 Cooling Type Air ConditioningCentral A/CElectric Entry Level 0 Fireplace Yes Fireplace Features Other Fireplace Fuel Gas & Wood Fireplace Location Living Room Heating Fuel Natural Gas Heating Type Central Furnace Laundry Equipment Own Water Heater Yes Water Heater Features Gas

    Property Features

    Act Total Rent 52800.00 Ada Compliant No Adj Gross Income 52800.00 Amenities Other Annual Gross Rent 52800.00 Annual Land Lease Amount 0.00 Cross Street Address San Mateo Ave. Disclosures Property As Is Green Year Certified 0 Gross Annual Income 52800.00 Gross Operating Inc 52800.00 Gross Schedule Inc 0.00 Land Fee Landlord Pays For ElectricGardenerWater Laundry Yes Laundry Description In-UnitWasher/DryerHook-up Lot Size Source (Other) MLS California Desert Aor Mls Monthly Gross Income 4400.00 Net Operating Inc 36347.00 Number Of Buildings 2 Operating Expenses 0.00 Possession Close Of EscrowTenants Rights Property Subtype Residential Income Realtor Association California Desert Association Of Realtors Sale Type Standard Sale Security And Safety Other Sewer InConnected & Paid Square Footage Source Other Tax Mello Roos No Tax Rate 1.20 Tenant Pays For ElectricityGasWater Terms CashConventionalOwner Will Carry Total Annual Op Exp 0.00 Total Taxes 0.00 Water In StreetWater District Water District Coachella Valley Water District

    Listing information © 2018 California Desert Association of Realtors.
    Listing provided courtesy of Doug Fischer of Coldwell Banker Residential Brokerage.
    ©2018 California Desert Association of Realtors. 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 Brad Schmett Real Estate Group or eXp Realty of California, Inc.. Based on information from the California Desert Association of Realtors as of 2018-11-20T17:35:59.503. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Brad Schmett Real Estate Group or eXp Realty of California, Inc.
    760-880-5845
    La Quinta and Palm Springs CA,