82451 John Nobles Avenue

Indio, CA 92201

PRICE REDUCED

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-$205,000 (-3.01%)

$6,595,000

List Price

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1980

calendar_month Built

Property Description

The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region.

Listing Information

List Price $6,595,000
Status Active
MLS IV24170406
Type Residential Income
Subtype Apartment
Year Built 1980
Lot Size 55,757
Structure Size N/A
DOM 56
Courtesy Of LE INVESTMENT GROUP
Listing Agent ALBERT LE DRE#01468313

Interior Features

Laundry Information
Location(s) Washer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: ALBERT LE, LE INVESTMENT GROUP . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 11th, 2024 at 11:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.