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Listed by DARREN CORREA • LE INVESTMENT GROUP
$ 5,695,000
Est. payment | /mo
25,200 SqFt
$ 5,695,000
Est. payment | /mo
25,200 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,200 sqft
Price per Sqft $225
MLS Listing ID CRIV26016411
HOA Y/N No
Year Built 1972
Lot Size 1.280 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
TRUE +7% CAP - John Nobles Townhomes - Multi-Family - Current CAP Rate of 7.13%, ProForma CAP Rate of 7.74%. All units have been fully renovated & re-tenanted at market-rate rents across the property. / All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes. / Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations. The John Nobles Apartments, a freshly renovated 24-unit apartment complex located in sunny Indio, CA. Built in 1980, the apartments are located on a 1.280 acre lot. The two buildings are composed of Sixteen (16) Three-Bedroom units & Eight (8) Four-Bedroom units, all featuring a spacious & comfortable 2-story townhome design. Amenities include onsite parking, essential appliances in each unit & private vinyl-fenced backyards.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Laundry Other
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Melanie Peterson-Katz
Partner | Lic# 00890767