$2,025,000
$2,050,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 12/27/2018
Key Details
Sold Price $2,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Thunderbird Estates
MLS Listing ID 18380900PS
Sold Date 12/27/18
HOA Y/N No
Year Built 1963
Lot Size 0.278 Acres
Property Description
Excellent investment opportunity to acquire a beautifully remodeled, fully rented 11 unit classic mid-century complex in a prime Rancho Mirage location. A solid quality offering, fully rented with 12 months leases to quality tenants. There is a tremendous upside potential available here. Included in this sale is also the next door vacant parcel of 12197 SqFt with APN # : 689-202-031. According to the Rancho Mirage Planning Department this vacant parcel can be utilized to construct additional carports and /or duplex. The complex consists of a 2 story building with a very attractive courtyard pool spa recreational area. There is a good mix of 1 BR , 2 Br and 3 Br units. All very spacious with considerably more square footage than market average. Extraordinary views of the mountains and the surrounding desert in every direction! Access only with accepted offer. Please do not disturb the tenants.
Location
State CA
County Riverside
Area 321 - Rancho Mirage
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Refrigerator
Exterior
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 689202030
Special Listing Condition Standard
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Bought with Brice Head • Marcus & Millichap
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