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Listed by Tony Burton • Burton Commercial, Inc.
$930,000
Est. payment /mo
7,405 Sqft Lot
Active
343 W Tramview RD Palm Springs, CA 92262
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW25057294
Originating Board California Regional MLS
Year Built 1965
Lot Size 7,405 Sqft
Property Sub-Type Fourplex
Property Description
OWNER WILL CARRY!!! This fine 4Plex is located just off Highway 111, and just five minutes from downtown Palm Springs including tenant convenience shopping! These are really nice units that have been fixed up inside and out. SELLER WILL PROVIDE FINANCING WITH ONLY $250,000 DOWN!!! Seller is motivated to sell and therefore has given a major price reduction of $150,000!! Please note that after this price reduction, THIS IS BY FAR THE BEST PRICED PALM SPRINGS 4PLEX OFFERING IN SEVERAL YEARS!!! These units consists of four 2 bedroom 1 bath apartments. Units include upgraded interiors and kitchen appliances. Units have separate gas and electric meters that that tenants sign up and pay for. All units have air conditioning. Seller pays water and trash. These units really perform and at market rents are putting out $95,760 annual gross income, a 9.71 Gross Rent Multiplier, a 8.92% Cap Rate, and a robust 17.37% Cash on Cash Return. For rent roll and income/expense details, PLEASE SEE SUPPLEMENTS attached. Buyer/Buyer's agent to provide all their required disclosures, and provide and pay for all TC services for Buyer and Seller including all documents including through DocuSign.
Location
State CA
County Riverside
Area 331 - North End Palm Springs
Interior
Heating No Heating
Laundry Other
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 669401003
Special Listing Condition Not Applicable
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