Photo 1 of 1
$440,000
Sold on 2/09/19
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
0 |
$4,101 |
1971 |
On the market:
124 days
|
View full details, 15 photos, school info, and price history
Huge cash flow opportunity. This well maintained 10 unit rental contains 2 of the 10 buildings in the Desert Palms apartment complex. (Buildings 3 and 4) Amazing on site manager and management company are in place. Actual financials over the past 12 months put this property at over a 10% CAP rate self managed or 8.5% with property management. All units have recently been renovated with new paint, flooring, cabinets, and appliances as well as toilets faucets and sinks. Upkeep is well documented as tenants have moved in and out.
Listing courtesy of Christopher Pearce, Gentry Real Estate