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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
Number of Units : 24
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 3
Unit 1 : Total Bathrooms : 2
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 4
Unit 2 : Total Bathrooms : 2
Site : Sidewalks
Zoning : Public Rec
PROPERTY DETAILS
Street Address: Address not disclosed
City: Indio
State: California
Postal Code: 92201
County: Riverside
MLS Number: IV24170406
Courtesy of LE INVESTMENT GROUP
City: Indio
State: California
Postal Code: 92201
County: Riverside
MLS Number: IV24170406
Courtesy of LE INVESTMENT GROUP
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