74630 Shadow Hills Road

    Palm Desert, CA 92260
    • $1,775,900
    • STATUS: Active
    • ON SITE: 156 days
    • MLS #: 218017352
    UPDATED: 27 min ago
    $1,775,900
    • 16
      BEDS
    • 0.61
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    ​8-Unit Property with Pool at ​74630 Shadow Hills Rd in South Palm Desert:​ ​Eight 2-bd/2-ba units, pool​ and carports ​situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 4.81%.

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    ©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 2018-11-19T17:36:06.063. 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/84688095

    74630 Shadow Hills Road Palm Desert, CA 92260

    • Price: $1,775,900
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 218017352
    16
    Beds
    16
    Baths
    0
    ½ Baths
    0.61
    Acres
    Neighborhood:
    Not Applicable-323
    County:
    Riverside
    Area:
    Palm Desert South
    Property Description
    ​8-Unit Property with Pool at ​74630 Shadow Hills Rd in South Palm Desert:​ ​Eight 2-bd/2-ba units, pool​ and carports ​situated on 0.61 acres. Buildings consist of 4 duplex buildings with single level units ground floor and second floor in each building. Property to be sold in as is condition. Please inquire for details including Income-Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 4.81%.
    Exterior Features

    Carport Or Covered Spaces 16 Casita Guesthouse None Construction Frame And Stucco Exterior Construction Stucco Lot Description CurbsFencedLawnLot Shape-IrregularLot-Level/Flat Pool Yes Pool Accessories Safety Fence Pool Construction GuniteIn Ground Pool Descriptions Pool Not Heated Pool Location Community Pool Roofing RollRolled/Hot MopRoof-Flat Spa Hot Tub YN No Total Other Spaces 0 Total Parking Spaces 16 View No

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 990 Avg Sq Ft3 Bedroom 0 Bathrooms 16.00 Cooling Type Air ConditioningCentral A/C Entry Level 0 Fireplace No Heating Type Central Furnace Water Heater Yes Water Heater Features Gas

    Property Features

    Act Total Rent 0.00 Adj Gross Income 0.00 Amenities Other Annual Gross Rent 80400.00 Annual Land Lease Amount 0.00 Cross Street Address Driftwood Drive Disclosures Property As Is Green Year Certified 0 Gross Annual Income 80400.00 Gross Operating Inc 0.00 Gross Schedule Inc 80400.00 Land Fee Landlord Pays For ElectricGardenerPool ServiceWater Lot Size Source (Assessor) MLS California Desert Aor Mls Monthly Gross Income 6700.00 Net Operating Inc 50630.00 Number Of Buildings 4 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 Tax Rate Year 1.2% Tenant Pays For ElectricityGas Terms CashConventional Total Annual Op Exp 32460.00 Total Taxes 0.00 Unit Location Ground FloorSecond Floor Water Water 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 2018-11-19T17:36:06.063. 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,