120 S Saturmino Drive
Palm Springs, CA 92262

Description

7 unit bedroom in prime rental location on Tahquitz. Nearby Palm Springs airport, Palm Springs City Hall and many retail and other business. Professionally managed since purchased, all seven units are rented with minimal vacancy in the past few years. Significant improvements made to two units, as well as facade improvements to landscaping, exterior painting and lighting. Capital expenditures include roofing and central AC units. Rare opportunity for multifamily units in central Palm Springs location. Further potential for next owner to continue renewing lease with rental increases. Conservatively rented for the past two years, all units have two bedrooms and one bathrooms. Highest priced unit rents for $1075 and lowest priced unit rents for $895.

Details

MLS#19426790PS
Sub-TypeResale
StatusActive
Days On Site87

Features

SQ Feet5,950
Units7
Building(s)1

Market Activity 92262

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Area Information

StateCA
CountyRiverside
CityPalm Springs
Zip Code92262
Area332 - Central Palm Springs
Listing VS Median (in 92262)
Price:
$995,000
low | high
Med:
$469,000
100% of Average
SqFt:
5,950
low | high
Med:
1,492
100% of Average
$ / SqFt:
$167
low | high
Med:
$314
37.974052568472% of Average
On Site:
87
low | high
Med:
107
81.308411214953% of Average
Listing Updated: 04/21/2019
MLS Number: 19426790PS
Listing Provided By:
MD McLean  of  McLean Company Rentals
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