Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

2

Lot size

7,841 sqft

Year built

1972

Stories

1

Garage spaces

0

Status

Active

Days on market

2

MLS #

244531642

About this property

Secure Investment with Immediate Returns in North IndioWe present a unique opportunity for investors seeking steady cash flow and long-term appreciation. This multi-unit property, located in North Indio, generates monthly rental income with stable month-to-month tenants currently in place.Why this property? Insatiable demand: North Indio is experiencing a residential and commercial boom, driven by the expansion of the Coachella Valley. Guaranteed appreciation: Housing developments and shopping centers in the area are driving land values up year after year. Low-maintenance units.The rental market in this area has a 96% occupancy rate, and prices per square foot have risen 18% over the last 24 months. Key fact: The city council has just approved a new commercial district just 5 minutes away, which will skyrocket demand over the next 12 months.Don't let this gem slip away: properties with this income-appreciation profile sell in under 15 days in Indio. Your next recurring income stream awaits.

Location

82480 Crest Avenue

Indio, Riverside, CA, 92201