Greg Malik Real Estate
73305 Royal Palm Drive
Palm Desert, CA 92260

Description

Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.

Details

MLS#218020422DA
Sub-TypeResale
StatusPending - Show
Year1966
Days On Site14

Features

SQ Feet6,552
Units4
Building(s)1

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Area Information

StateCA
CountyRiverside
CityPalm Desert
Zip Code92260
Area322 - North Palm Desert
Listing VS Median (in 92260)
Price:
$890,000
low | high
Med:
$345,000
100% of Average
SqFt:
6,552
low | high
Med:
1,838
100% of Average
$ / SqFt:
$136
low | high
Med:
$188
11.816092235087% of Average
On Site:
14
low | high
Med:
4
100% of Average
Listing Updated: 01/18/2019
MLS Number: 218020422DA
Listing Provided By:
Doug Fischer  of  Coldwell Banker Res. Brokerage
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