42995 PARK PLACE, PALM DESERT CA 92260

offered at $1,750,000
MLS#:219076623DA
Status: Pending // Property Type:
Project/Tract: Not Applicable-1 // County: Riverside // Year Built: 1991

Property Description

It's unusual to find a newer well maintained residential income property located in such a desirable neighborhood. Excellent location with high rental demand. A well maintained and renovated 4-plex in the heart of Palm Desert close to desired schools in a favored school district. The property consists of two 3bd/2ba units (end units #1 and #4) and two 2bd/2ba units (the middle units #2 and #3). Two units (#3 and #4) have been recently upgraded and renovated and are being rented at top market rents. The other two units (#1 and #2) both have long term tenants, both on month to month leases. There is a private community pool area with mountain views located in a quiet e cul-de-sac shared by other fourplex properties. An HOA covers roof, common area and pool/spa. Roofs were replaced in 2012, new efficient A/C's installed in 3 units within the past 2 years. All units offer nice privacy, enclosed patio spaces, two with fireplaces, private inside laundry and attached double car garages. Upside potential to renovate and remodel the remaining two units and get top market rents. Please ask for Income, Expense, Rent Roll and Projected Rent Statements.

Listing Courtesy of Doug Fischer, Coldwell Banker Realty

Interior Features

Heating: Electric, Central, Forced Air
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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