343 W TRAMVIEW ROAD, PALM SPRINGS CA 92262
- 3,200 sq.ft.
- 7,405 sq.ft. lot
Property Description
OWNER WILL CARRY!!! This fine 4Plex is located just off Highway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. SELLER WILL PROVIDE FINANCING WITH ONLY $250,000 DOWN!!! Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached. Buyer/Buyer's agent to provide all their required disclosures, and provide and pay for all TC services for Buyer and Seller including all documents including through DocuSign.
Listing Courtesy of Tony Burton, Burton Commercial, Inc.
Interior Features
Exterior Features
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Based on information from California Regional Multiple Listing Service, Inc. as of April 14, 2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
