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73305 Royal Palm DR Palm Desert, CA 92260
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Key Details
Sold Price $860,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 218020422DA
Year Built 1966
Lot Size 0.400 Acres
Property Description
Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.
Location
State CA
County Riverside
Area 322 - North Palm Desert
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Fireplaces Type Living Room, See Remarks
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition,Foam,Shingle
Building
Lot Description 2-5 Units/Acre, Corner Lot, Near Public Transit, Paved, Rectangular Lot
Story One
Foundation Slab
New Construction No
Others
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition Standard
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Bought with Doug Fischer • Coldwell Banker Realty