33.814812 -116.509151 0
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Listed by The Firm Brokerage, Adam Gilbert.

MLS Source logo

561 Highland DRPalm Springs, CA 92264

Active
$6,995,000
0
0 SqFt

Prime Investment Opportunity and Entire City Block for Sale!32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.561: 5 units all 1 bedroom 1 bath.579: 10 units 2- 2 beds, 7 1 beds and 1 studioSwimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated.Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.Conveniences: On-site laundry facilities and trash pickup for all buildings.Secure Entry: All buildings have keypad secure safe entry system.Parking: Ample parking available for all tenants and guests.Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.Economies of Scale - has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.


FACTS & FEATURES

  • Property Type:
    Residential Income
  • Architectural Style:
  • Bedrooms:
  • Bathrooms:
    0
  • Dwelling Size:
    0 SqFt
  • Lot Size:
    1.87 Acres
  • Lot Description:
  • Stories:
  • Year Built:
    1962
  • Interior Features:
  • Exterior Features:
  • Parking:

    Garage or Parking Spaces: 0
    Features: Street, Assigned
  • Area:
    334 - South End Palm Springs
  • Views:
    Mountain(s)
  • Schools:
  • HOA:
  • Senior Community:
    False
  • Heating:
    Central
  • Cooling:
  • Appliances:
  • Fireplace:
    Fireplace(s):
    Features: Living Room,Gas Starter
  • Accessibility:
  • Security Features:
    Gated Community
  • Foundation:
  • Roof:

LOCATION


REQUEST INFORMATION

Listing Office: The Firm Brokerage. Listing Agent: Adam Gilbert. Listing ID: 219115030PS

Last Updated November 19, 2024 9:50 PM
Data last checked against CRMLS on December 13, 2024 12:46 PM

Based on information from California Regional Multiple Listing Service, Inc. as of December 13, 2024 12:46 PM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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