THIS IS A SMOKING DEAL!!! CHECK OUT LATEST PALM SPRING SALE COMPS ATTACHED IN SUPPLEMENTS. PRICES RANGE FROM $1,035,000 TO $1,579,000! AND WE ARE ASKING $899,000!!! 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!!! 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. All units have laundry hook ups! 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 9.39 Gross Rent Multiplier, a 9.31% Cap Rate, and a robust 19.31% Cash on Cash Return. Check out FOUR NEARBY RENT COMPS AT $1,995 MONTHLY in Supplements attached!! 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.
Property Details
Price:
$899,000
MLS #:
SW25057294
Status:
Active
Baths:
0
Address:
343 W Tramview Road
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
331northendpalmsprings
City:
Palm Springs
Listed Date:
Mar 15, 2025
State:
CA
ZIP:
92262
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1965
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Schools
Interior
Heating
None
Exterior
Community Features
Gutters
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address343 W Tramview Road Palm Springs CA
- Area331 – North End Palm Springs
- CityPalm Springs
- CountyRiverside
- Zip Code92262
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343 W Tramview Road
Palm Springs, CA
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