CA > Indio
Indio, CA 92201,80876 US Highway 111
Indio, CA 92201,80876 US Highway 111
Indio, CA 92201,80876 US Highway 111
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$1,075,000
Est. payment /mo
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2 Beds
9,583 Sqft Lot
New

80876 US Highway 111 Indio, CA 92201

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW25227616

Bedrooms 2

Lot Size 9,583 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

This is a beautiful 4Plex located just off Highway 111, on the border of La Quinta, in Indio. This Offering consists of four 2 bedrooms, 2 baths. THESE UNITS ARE LARGE!!! Please note assessors says this complex is 4,058 square feet! THAT'S OVER 1,000 SQUARE FEET PER UNIT!!! Units are separately metered and tenants sign up and pay for electric and gas. Landlord pays water. All units are central heat and cooled. This complex has been upgraded inside and out. The units have newer appliances, crown molding, granite counter tops in kitchens/bathrooms, ceiling fans, & double pane windows. Further, the beautiful landscaping is drought resistant and takes no water to maintain. Check out the pictures!! This complex really performs! At actual rents, we are near market, month to month, and can be raised to market rents. At market rents, we're putting out, a 9.95 Gross Rent Multiplier, a robust 8.75% Cap Rate, and a breathtaking 14.95% CASH ON CASH RETURN!!! PLEASE SEE SUPPLEMENTS FOR MARKETING PACKAGE THAT INCLUDES RENT ROLL, RENT COMPS, INCOME, AND EXPENSES.

Location

State CA

County Riverside

Zoning Assessor

Direction Monroe to Hwy 111

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 600200007

MLS Router / San Diego MLS
Listed by Tony Burton Burton Commercial, Inc.

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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80876 US Highway 111

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