520 S Highland Dr, Palm Springs, 92264

Residential Income - Triplex For Sale in NOT IN A DEVELOPMENT

$689,800

6Beds
3Baths
3,385Sqft
1979Built
39DOM
MLS® #: 19498534PS
Active, 39 Days on Market

Incredible opportunity to own a 3 unit apartment complex in Central Palm Springs! Each unit is a king-sized 2 BR / 1 BA with a big kitchen with cabinet space and counter tops galore. There are also 8 off street paved parking spaces and the units pride themselves with semi-private backyard patios to enjoy the weather or head out to the pool. Currently 100% rented (each tenant on a month to month) the property produces an attractive cap rate of 4.20%. Imagine, move in one unit and rent our the others! FHA owner occupancy only requires 15% for owner occupants. Investors, this property could be part of your desert renaissance portfolio. One unit is completely detached; perfect for the owner's unit while you rent the others.

Essential Information

MLS® #: 19498534PS
Price: $689,800
Bedrooms: 6
Bathrooms: 3.00
Square Footage: 3,385
Acres: 0.00
Year Built: 1979
Type: Residential Income
Sub-Type: Triplex
Style: Southwestern
Status: Active

Community Information

Address: 520 S Highland Dr
Area: Palm Springs South End (334)
Subdivision: NOT IN A DEVELOPMENT
City: Palm Springs
County: Riverside
State: CA
Zip Code: 92264

Amenities

Parking Spaces: 6
Parking: Assigned
Waterfront: City
Has Pool: Yes
Pool: Association Pool, Heated

Interior

Interior Features: Open Floor Plan (N)
Heating: Central Furnace, Forced Air
Cooling: Air Conditioning, Ceiling Fan(s)
# of Stories: 1
Stories: One Level

Exterior

Exterior: Stucco
Lot Description: Back Yard
Roof: Clay Tile
Construction: Frame and Stucco

Additional Information

Date Listed: August 10th, 2019
Days on Market: 39
Zoning: R2
HOA Fees: 0.00

Listing Details

Listing Agent: Roddy De La Garza(01995374)
Listing Office: Redfin Corporation
Contact Ron Parks: Phone: 760-883-8613

Financials

$/SqFt: $204
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