74316-74322 Alessandro Drive Drive

    Palm Desert, CA 92260
    • $828,000
    • STATUS: Active
    • ON SITE: 31 days
    • MLS #: 218028618
    UPDATED: 239 min ago
    $828,000
    • 8
      BEDS
    • 0.26
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Great Opportunity to own an income producing property. These units are in a great location with close walking distance to shopping centers. Property consists of 4 Units, 2 buildings: each unit has 2 bedrooms & 1 bath. All units are currently rented. Rents are currently below market value: 3 units are at $1,100 monthly and 1 unit at $1,150 monthly. Market rents should command +/-$1,250 monthly. Proforma NOI = $45,293.00 - Market rents to produce a CAP rate of +/- 5.48%. All units have a central HVAC, ceiling fans, washer/dryer hook-ups and small back patios. Zoning allows for upward expansion of the property up to three (3) stories high. Buyer to verify square footage, zoning, utilities and financials. PLEASE DO NOT DISTURB TENANTS - Leases and Tour available upon accepted Purchase & Sale Agreement. Please ask for an Income Statement.

    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 2018-11-15T23:36:28.353. 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/88498133

    74316-74322 Alessandro Drive Drive Palm Desert, CA 92260

    • Price: $828,000
    • Status: Active
    • Updated: 239 min ago
    • MLS #: 218028618
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.26
    Acres
    1960
    Built
    Neighborhood:
    Not Applicable-322
    County:
    Riverside
    Area:
    Palm Desert North
    Property Description
    Great Opportunity to own an income producing property. These units are in a great location with close walking distance to shopping centers. Property consists of 4 Units, 2 buildings: each unit has 2 bedrooms & 1 bath. All units are currently rented. Rents are currently below market value: 3 units are at $1,100 monthly and 1 unit at $1,150 monthly. Market rents should command +/-$1,250 monthly. Proforma NOI = $45,293.00 - Market rents to produce a CAP rate of +/- 5.48%. All units have a central HVAC, ceiling fans, washer/dryer hook-ups and small back patios. Zoning allows for upward expansion of the property up to three (3) stories high. Buyer to verify square footage, zoning, utilities and financials. PLEASE DO NOT DISTURB TENANTS - Leases and Tour available upon accepted Purchase & Sale Agreement. Please ask for an Income Statement.
    Exterior Features

    Building Style Low Rise Carport Or Covered Spaces 0 Casita Guesthouse None Exterior Construction Stucco Pool Yes Pool Accessories Safety Gate Pool Construction In Ground Pool Descriptions Other Pool Location Community Pool Property Orientation Frontdoor Faces WestFrontdoor Facessouth Spa Hot Tub YN No Total Other Spaces 8 Total Parking Spaces 8 View Yes

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 800 Avg Sq Ft3 Bedroom 0 Bathrooms 4.00 Cooling Type Air ConditioningCeiling Fan(S)Central A/C Entry Level 0 Fireplace Yes Fireplace Features Brick Fireplace Fuel Gas Fireplace Location Living Room

    Property Features

    Act Total Rent 0.00 Adj Gross Income 0.00 Amenities Other Annual Gross Rent 53400.00 Annual Land Lease Amount 0.00 Cross Street Address Santa Ynez Avenue Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 0.00 Gross Schedule Inc 0.00 Land Fee Landlord Pays For GardenerPool ServiceWaterOther Laundry Yes Laundry Description Washer/Dryerhook-Up Lot Size Source (Assessor) MLS California Desert Aor Mls Monthly Gross Income 4450.00 Net Operating Inc 38692.24 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 Sewer InConnected & Paid Tax Mello Roos No Tax Rate 0.00 Tenant Pays For Cable TvElectricityGas Terms Cash To New Loan Total Annual Op Exp 14707.00 Total Taxes 0.00 Water In Street

    Listing information © 2018 California Desert Association of Realtors.
    Listing provided courtesy of Dick Baxley of Baxley Properties Inc.
    ©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 2018-11-15T23:36:28.353. 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,