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Seller Financing 4.5% 520 S Desert View Dr 5 Unit Apartment Building $1,884,492 CAD ($376,898 CAD/Unit) 5.25% Cap Rate Palm Springs, CA 92264
INVESTMENT HIGHLIGHTS
- SELLER FINANCING 4.5% INTEREST ONLY 24 MONTHS
- New Water Heaters
- Updated Electrical
- New Exterior Paint
- New Mini Split AC Units
- New Copper Plumbing
EXECUTIVE SUMMARY
SELLER FINANCING 4.5% INTEREST ONLY 24 MONTHS
The Dots Apartments was completely renovated and is in excellent condition offering the new owner a turnkey, low-maintenance asset with immediate cash flow. The properties highly desirable unit mix consist of all two-bedroom one-bathroom units with private patios/backyards. Tenants enjoy open floor plans, large double-pane windows, and high-quality vinyl plank flooring. Each unit includes a stacked washer and dryer. Units are separately metered for electricity and gas. There are over 10% upside rents through annual rent increases.
The Dots Apartments displays a sought after, modern atmosphere and consists of one single story building constructed of wood frame, stucco exteriors, and concrete slab foundation atop of .23 acres of land. The exterior has been enhanced with new paint, new windows, new landscaping, new lighting, and new asphalt. Additionally, the prime location provides easy access to Palm Springs' renowned dining, entertainment, and cultural hotspots.
The Dots Apartments was completely renovated and is in excellent condition offering the new owner a turnkey, low-maintenance asset with immediate cash flow. The properties highly desirable unit mix consist of all two-bedroom one-bathroom units with private patios/backyards. Tenants enjoy open floor plans, large double-pane windows, and high-quality vinyl plank flooring. Each unit includes a stacked washer and dryer. Units are separately metered for electricity and gas. There are over 10% upside rents through annual rent increases.
The Dots Apartments displays a sought after, modern atmosphere and consists of one single story building constructed of wood frame, stucco exteriors, and concrete slab foundation atop of .23 acres of land. The exterior has been enhanced with new paint, new windows, new landscaping, new lighting, and new asphalt. Additionally, the prime location provides easy access to Palm Springs' renowned dining, entertainment, and cultural hotspots.
PROPERTY FACTS
| Price | $1,884,492 CAD | Building Class | C |
| Price Per Unit | $376,898 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,765 SF |
| Cap Rate | 5.25% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Residential | ||
| Price | $1,884,492 CAD |
| Price Per Unit | $376,898 CAD |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,765 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | R2 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Yard
- Patio
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 753 |
1 1
PROPERTY TAXES
| Parcel Number | 680-032-002 | Improvements Assessment | $819,861 CAD |
| Land Assessment | $227,738 CAD | Total Assessment | $1,047,600 CAD |
PROPERTY TAXES
Parcel Number
680-032-002
Land Assessment
$227,738 CAD
Improvements Assessment
$819,861 CAD
Total Assessment
$1,047,600 CAD
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Seller Financing 4.5% | 520 S Desert View Dr
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