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  • $1,061,100

    521 Desert Way APT 1-5, Palm Springs, CA 92264

    8beds
    3,900sqft
    MultiFamily
    Built in 1963
    -- sqft lot
    $1,061,100 Zestimate®
    $272/sqft
    $2,483 Estimated rent

    What's special

    Welcome Brokers/Agents 2% consideration 3-2Bd/1b - 2-1Bd/1b en-suite, w extra office/sitting area/Owner occupied Exception remodeled units, w/mnth-mnth or short term left on all leases. Much upside as residential long term rental use. Or capitalize on conversion to Clean & Sober Living, Rehabilitation project or Assisted Living, etc. Many options, including utilizing this amazing jewel in your portfolio as you own personal family or corporate retreat. Amazing salt water pool n spa. See Palm Springs City planning for multi allowed uses. Zone R2/Residential w/light commercial. Mark Blundell 760.902.8604 Multiple opportunities await, or change nothing and start collecting rental income at close of escrow. Unit #1 - $2400 Furnished monthly Unit#2 - Owner occupied private business Unit#3,#4 Owner's Unit/Highly upgrade, saltwater pool and spa(private or not) resort style back patio width of entire property. Estimated rent $2000 each #3 & #4 Unit#5 - $1205 M2M/ LTT subject to rent increase now Tenants pay, own elec/gas/cable Owner pays water(avg $40monthly), Unit#3 elec -$90avg/gas$25avg/cable$100, property tax $5500/ ULTRA LOW MAINTENANCE PROPERTY, EXTREMELY LOW OPERATING COST, ENERGY & WATER EFFICIENT BUILDING!!!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Heat pump, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Linoleum / Vinyl
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total interior livable area: 3,900 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Off-street
    Features
    • Exterior features: Stucco
    • Has spa: Yes
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 0.30 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1963

    Community & neighborhood

    Community
    • Community features: Fifty Five Plus Active Community
    Senior living
    • Senior community: Yes
    Location
    • Region: Palm Springs
    Services availability
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    An equal housing lender. NMLS #10287.