Description
This is the building for you if youre looking for a good return with low hassle. The building and parking area are in excellent condition with almost no common area to maintain and minimal exterior lighting. Location in DeMuth Park West which is a quiet neighborhood in central Palm Springs replete with towering palm trees. Demuth Park sits on the south side of the neighborhood, giving the locals a 61-acre public green space full of sports fields, tennis courts, and playgrounds. Residents also enjoy easy access to many of Palm Springs legendary golf courses such as Mesquite Golf Club and Tahquitz Creek Golf Resort. The communitys location just south of Palm Springs International Airport is perfect for traveling professionals and airport employees. Upside on Month-to Month leases could increase gross revenue by $21,720. A great comp is 580 Desert View Dr #4 which rented in November for $1800 in an older building (w/pool). Unit #3 renewed their lease at $1110 which equals a huge upside. SEE MARKET DATA ATTACHMENT FOR MORE GREAT RENTAL COMPS, DEMOGRAPHICS, COMMUNITY INFO, MORE DETAILS ABOUT THE PROPERTY, AND MORE PICTURES
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0BEDS
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0.23ACRES
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01/2 BATHS
School Ratings & Info
Description
This is the building for you if youre looking for a good return with low hassle. The building and parking area are in excellent condition with almost no common area to maintain and minimal exterior lighting. Location in DeMuth Park West which is a quiet neighborhood in central Palm Springs replete with towering palm trees. Demuth Park sits on the south side of the neighborhood, giving the locals a 61-acre public green space full of sports fields, tennis courts, and playgrounds. Residents also enjoy easy access to many of Palm Springs legendary golf courses such as Mesquite Golf Club and Tahquitz Creek Golf Resort. The communitys location just south of Palm Springs International Airport is perfect for traveling professionals and airport employees. Upside on Month-to Month leases could increase gross revenue by $21,720. A great comp is 580 Desert View Dr #4 which rented in November for $1800 in an older building (w/pool). Unit #3 renewed their lease at $1110 which equals a huge upside. SEE MARKET DATA ATTACHMENT FOR MORE GREAT RENTAL COMPS, DEMOGRAPHICS, COMMUNITY INFO, MORE DETAILS ABOUT THE PROPERTY, AND MORE PICTURES
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.