561 Highland Drive
Palm Springs, CA, 92264
$6,995,000
Beds
0 Baths
SqFt
1.87 Acres
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Prime Investment Opportunity and Entire City Block for Sale!32 Units Across Three Multi-Family One-Story Buildings. 579, 561, and 509 S. Highland sold collectively as a package for $6,995,000. Key Features:509: 17 units all 1 bedroom 1 bath with 1 reserved as a managers unit.561: 5 units all 1 bedroom 1 bath.579: 10 units 2- 2 beds, 7 1 beds and 1 studioSwimming Pools: Each building has a brand-new pool with permits, new plumbing, new electrical, new plaster, and designer tile. Pools are SOLAR heated.Private Patios: Almost all units feature private patios, offering tenants their own personal outdoor space.Modern Amenities: Updated retro fitted windows are in all buildings, essential for energy efficiency in the desert climate.Conveniences: On-site laundry facilities and trash pickup for all buildings.Secure Entry: All buildings have keypad secure safe entry system.Parking: Ample parking available for all tenants and guests.Landscaping: Freshly landscaped grounds provide an attractive, low-maintenance environment.Proximity: Located near great eateries and shopping, lovely parks, and golf courses and bus stops. Convenient access to the airport ensures easy travel.Economies of Scale – has massive upside thanks to high key count providing opportunity to raise rents and maximize ROI.

Property Details

Price:
$6,995,000
MLS #:
219115030PS
Status:
Active
Baths:
0
Address:
561 Highland Drive
Type:
Residential Income
Subdivision:
Demuth Park
Neighborhood:
334southendpalmsprings
City:
Palm Springs
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
92264
Lot Size:
81,624 sqft / 1.87 acres (approx)
Year Built:
1962
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561 Highland Drive
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