547 Desert Way new

Palm Springs,CA 92264

$ 1375000

5 Beds

5 Baths

3816 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,816 sqft

Price per Sqft $360

Subdivision Demuth Park

MLS Listing ID 219126197

Bedrooms 5

Full Baths 5

HOA Y/N No

Year Built 1966

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Apartment

Property Description

Palm Springs apartments for sale. 5 units, all large 1-bedroom units over 750 square feet each with large private patios and yard space. This is a low maintenance building with plenty of room to add value. Two units are being intentionally left vacant for the sale, giving the Buyer immediate upside. The other units are rented month to month and well below market. Property is a great fit for a value-add investor, furnished rental, or owner user opportunity. Units are potentially large enough to add a 2nd bedroom. There is a laundry room with washer and dryer and a large storage room. Private, gated courtyard. Rare opportunity to invest in world famous Palm Springs.

Location

State CA

County Riverside

Area 334 - Palm Springs South End

Interior

Heating Wall Furnace

Cooling Air Conditioning,Wall/Window Unit(s)

Fireplace false

Exterior

View Y/N true

View Mountain(s)

Private Pool No

Building

Lot Description Level

Story 1

Entry Level Ground Level, No Unit Above,One

Sewer In, Connected and Paid

Level or Stories Ground Level, No Unit Above,One

Others

Senior Community No

Acceptable Financing 1031 Exchange,Cash,Cash to New Loan,Conventional

Listing Terms 1031 Exchange,Cash,Cash to New Loan,Conventional

Special Listing Condition Standard

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