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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 6.48%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 5.74%. ProForma GRM of 10.29 with a current GRM of 11.24 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.PROPERTY FEATURES
Sewer: Public Sewer
Water Source: Public
Lot Features: 2-5 Units/Acre
Number Of Buildings: 4
Parcel Identification Number: 614120002
Year Built Source: Public Records
Common Walls: 2+ Common Walls
Laundry Features: Washer Hookup
Laundry: Has Laundry
Zoning: R3
MLSAreaMajor: 699 - Not Defined
PROPERTY DETAILS
Street Address: 82451 John Nobles Avenue
City: Indio
State: California
Postal Code: 92201
County: Riverside
MLS Number: IV24170406
Year Built: 1980
Courtesy of LE INVESTMENT GROUP
City: Indio
State: California
Postal Code: 92201
County: Riverside
MLS Number: IV24170406
Year Built: 1980
Courtesy of LE INVESTMENT GROUP
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