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83060 Sonora Avenue

Indio, CA 92201
  • $1,500,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: IV22123148
UPDATED: 46 min ago
$1,500,000
  • 0
    BEDS
  • 0.84
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Albert Le of Le Investment Group (909-256-7889)


Description

Multi-Family Apartment consist of Eight (8) Units composed currently of 5,600 square feet. The Apartment is composed of Seven (7) TwoBedroom One Bathroom and One (1) Three bedroom One bathroom Units. The properties are located on a 0.410 acres built in 1947.New Roof, New Flooring, Laundry and Carports. Huge upside on Rents 30% Below Market.Riverside County Has Experienced Large Rental Growth Exceeding The Nations Average. Occupancy Rate and Rental Rates Out Pacing Surrounding Cities Amid the Pandemic.The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T11:26:38.25. 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/129630819
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83060 Sonora Avenue Indio, CA 92201

  • Price: $1,500,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 46 min ago
  • MLS #: IV22123148
0
Beds
0
Baths
0
½ Baths
0.84
Acres
1947
Built
Neighborhood:
311 - Indio Central
County:
Riverside
Area:
311 - Indio Central
Property Description
Multi-Family Apartment consist of Eight (8) Units composed currently of 5,600 square feet. The Apartment is composed of Seven (7) TwoBedroom One Bathroom and One (1) Three bedroom One bathroom Units. The properties are located on a 0.410 acres built in 1947.New Roof, New Flooring, Laundry and Carports. Huge upside on Rents 30% Below Market.Riverside County Has Experienced Large Rental Growth Exceeding The Nations Average. Occupancy Rate and Rental Rates Out Pacing Surrounding Cities Amid the Pandemic.The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, 148 miles (238 km) northeast of San Diego, and 250 miles (402 km) west of Phoenix.
Exterior Features

Carport YN Yes Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 8 Parking Features Carport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.26 Common Interest None Community Features BikingCurbsHikingParkStorm Drain(S)Street LightsSidewalks Electric Expense 1327.8 Fuel Expense 1327.8 Garage YN No Gross Income 95218 Gross Scheduled Income 96180 Insurance Expense 2673 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 63284 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 31318 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 1327.8 Water Sewer Expense 1327.8 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-08T11:26:38.25. 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): Albert Le of Le Investment Group (909-256-7889)