North End Palm Springs (331) Homes with Apartment Subtype

North End Palm Springs (331) Homes with Apartment Subtype

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Newest North End Palm Springs (331) Homes with Apartment Subtype

$1,750,000
CV26129354 MLS Active Status
We are pleased to present Sahara Road Apartments, a 10-unit multifamily investment opportunity located at 2200 E Sahara Road in the desirable Desert Park Estates neighborhood of Palm Springs, California. Situated on an expansive ±0.57-acre lot, the property offers investors the opportunity to acquire a stabilized, pride-of-ownership asset in one of the Coachella Valley's most established and desirable rental markets. Sahara Road Apartments consists of (4) one-bedroom / one-bathroom units and (6) studio units and is 100% occupied. The community features desirable single-story construction, attractive open floor plans, and well-maintained interiors that have been updated throughout the years of ownership. This true pride-of-ownership asset offers investors a stabilized investment opportunity with strong occupancy and an attractive resident environment. Residents enjoy a highly amenitized living environment featuring a swimming pool, gated dog park area, lush landscaped grounds, and an on-site laundry facility. Additionally, seven units feature private grass yards and three units feature private patios, further enhancing tenant appeal. The property is individually metered for electricity, while ownership currently pays water, sewer, trash, and gas. Additional operational features include two water heaters and a variety of electric cooling systems throughout the property, including central air conditioning, mini-split systems, and wall-mounted A/C units. Ideally located near Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and entertainment destinations, Sahara Road Apartments presents investors with the opportunity to acquire a well-maintained multifamily asset offering strong in-place occupancy, desirable amenities, and long-term investment potential within a highly sought-after Palm Springs location.

2200 E Sahara Road, Palm Springs

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.