482 W Pico Rd, Palm Springs, CA 92262

Property Description

Looking for a stable great performing investment for your client? Look no further. This investment simply has the best returns, and is the best priced apartment in Palm Springs. Look at the numbers and compare. Nothing comes close!! This very nice 5 unit apartment that has all the amenities that tenants want. The 2&1 unit has very large living room, fireplace, private backyard, and RV parking. All units have private patios. The 1&1 units have very roomy living rooms and bedrooms. All units have tile floors and almost new wall heat and air. White roof for heat reflection. Nice large sparkling swimming pool just outside of all units. Very low maintenance beautiful drought resistant landscaping. Subject complex includes laundry room that provides convenience to tenants and extra income for apartment owner. The best priced per unit mix at only $90,000 per unit. The best returns on actual income in the Coachella Valley at 9.87 times gross, a 7.09% cap rate, and a smokin' double digit 10.64% cash on cash return!! Great location just off Highway 11 close to shopping and schools. SEE SUPPLEMENTS FOR MORE INFO.