37250 Bankside Drive, Cathedral City, CA 92234
37250 Bankside Drive, Cathedral City, CA 92234
37250 Bankside Drive, Cathedral City, CA 92234
14
See all 14 photos
$1,800,000
Est. payment /mo
Save
3 Beds
3 Baths
0.36 Acres Lot
New

37250 Bankside Drive Cathedral City, CA 92234

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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 PW26156345

Bedrooms 3

Lot Size 0.360 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valleys strongest rental markets.

Location

State CA

County Riverside

Zoning Public Rec

Direction Driving West on E. Palm Canyon Dr., Turn Left Onto Bankside Dr., Property Will be on Your Left

Interior

Fireplace No

Exterior

Pool Private

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 687101002

Acceptable Financing Conventional

Listing Terms Conventional

MLS Router / San Diego MLS
Listed by Ryan Loria, DRE#02006138 Triqor Group 

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Hunter & Maddox International Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

37250 Bankside Drive

QUICK SEARCH
There are 24 quick searches