520 Highland Drive S, Palm Springs

$689,800

6 Beds
3 Baths
3,385 Sqft
0 Acres
0 Garages

Incredible opportunity to own a 3 unit apartment complex in Central Palm Springs! Each unit is a king-sized 2 BR / 1 BA with a big kitchen with cabinet space and counter tops galore. There are also 8 off street paved parking spaces and the units pride themselves with semi-private backyard patios to enjoy the weather or head out to the pool. Currently 100% rented (each tenant on a month to month) the property produces an attractive cap rate of 4.20%. Imagine, move in one unit and rent our the others! FHA owner occupancy only requires 15% for owner occupants. Investors, this property could be part of your desert renaissance portfolio. One unit is completely detached; perfect for the owner's unit while you rent the others.

Essential Information
MLS® #19498534
Price$689,800
Bedrooms6
Bathrooms3.00
Square Footage3,385
Acres0.00
Year Built1979
TypeResidential Income
StatusActive
Community Information
Address520 Highland Drive S
Area334 - Palm Springs South End
SubdivisionNot Applicable
CityPalm Springs
CountyRiverside
StateCA
Zip Code92264
Amenities
ParkingAssigned
Has PoolYes
PoolGunite, Heated, In Ground
Interior
HeatingCentral, Forced Air
Cooling

Air Conditioning, Ceiling Fan(s)

Additional Information
Days on Market48
Listing Details
AgentRoddy De La Garza
OfficeRedfin Corporation
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Listing information last updated on October 14th, 2019 at 9:30pm PDT.