120 W Arenas Road, Ste 7
Palm Springs, CA
Excellent investment opportunity to acquire a beautifully remodeled, fully rented 11 unit classic mid-century complex in a prime Rancho Mirage location. A solid quality offering, fully rented with 12 months leases to quality tenants. There is a tremendous upside potential available here. Included in this sale is also the next door vacant parcel of 12197 SqFt with APN # : 689-202-031. According to the Rancho Mirage Planning Department this vacant parcel can be utilized to construct additional carports and /or duplex. The complex consists of a 2 story building with a very attractive courtyard pool spa recreational area. There is a good mix of 1 BR , 2 Br and 3 Br units. All very spacious with considerably more square footage than market average. Extraordinary views of the mountains and the surrounding desert in every direction! Access only with accepted offer. Please do not disturb the tenants.
This property in Rancho Mirage is priced at $2,050,000 and located at 39950 Bird Ln.
P. Tomov(01915444), Coldwell Banker Residential Br.