About 561 Highland Drive
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 studio Swimming 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.
Features of 561 Highland Drive
| MLS® # | 219115030 |
|---|---|
| Price | $6,995,000 |
| Bedrooms | 35 |
| Bathrooms | 36.00 |
| Full Baths | 31 |
| Half Baths | 5 |
| Square Footage | 29,000 |
| Acres | 1.00 |
| Year Built | 1962 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 561 Highland Drive |
|---|---|
| Area | 334 - Palm Springs South End |
| Subdivision | Demuth Park |
| City | Palm Springs |
| County | Riverside |
| State | CA |
| Zip Code | 92264 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Assigned, On Street, Total Uncovered/Assigned Spaces |
| View | Mountain(s) |
| Has Pool | Yes |
| Pool | Community, In Ground |
Interior
| Heating | Central |
|---|---|
| Cooling | Air Conditioning |
| Fireplace | Yes |
| # of Fireplaces | 10 |
| Fireplaces | Gas Starter, Living Room |
Exterior
| Lot Description | 81624 |
|---|
Additional Information
| Days on Market | 121 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Adam Gilbert |
|---|---|
| Office | The Firm Brokerage |