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    82711 Indio Boulevard

    Indio, CA 92201
    • $1,010,000
    • STATUS: Active Under Contract
    • ON SITE: 45 Days
    • ID#: IV21198908
    Under Contract
    $1,010,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    This Commercial Retail / 5 Unit Mult-Family Apartment is composed currently of 3,975 square feet. The Commercial Retail is composed of 1,075 square feet while the 5-Unit Apartment is composed of 2,900 square feet. This property consist of (2) Two Bedroom / One Bathroom units, (2) One Bedroom /One Bathroom units and (1) Studio unit. The current commercial retail tenant has leased the retail space for 5+ years. The property is located on a 0.51 acres with frontage on a corner lot built in 1940. This downtown Indio location is ideal for business and residential. Located directly between the 10 Freeway and 111 Highway. Property has easy Access to the I-10 Freeway, Indio is easily connected to the major traffic areas, with an easy access for visitors and residents. ProForma CAP Rate of 6.11%, With a ProForma GRM of 10.73 Current CAP Rate of 5.04%. The Property Was Extensively Renovated in 2013. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Over 250k in Capital Improvements. Located directly between the 10 Freeway and 111 Highway. Property has easy Access to the I-10 Freeway, Indio is easily connected to the major traffic areas, with an easy access for visitors and residents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/121249440
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    82711 Indio Boulevard Indio, CA 92201

    • Price: $1,010,000
    • Status: Active Under Contract
    • ID#: IV21198908
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    1967
    Built
    Neighborhood:
    311 - Indio Central
    County:
    Riverside
    Area:
    311 - Indio Central
    Property Description
    This Commercial Retail / 5 Unit Mult-Family Apartment is composed currently of 3,975 square feet. The Commercial Retail is composed of 1,075 square feet while the 5-Unit Apartment is composed of 2,900 square feet. This property consist of (2) Two Bedroom / One Bathroom units, (2) One Bedroom /One Bathroom units and (1) Studio unit. The current commercial retail tenant has leased the retail space for 5+ years. The property is located on a 0.51 acres with frontage on a corner lot built in 1940. This downtown Indio location is ideal for business and residential. Located directly between the 10 Freeway and 111 Highway. Property has easy Access to the I-10 Freeway, Indio is easily connected to the major traffic areas, with an easy access for visitors and residents. ProForma CAP Rate of 6.11%, With a ProForma GRM of 10.73 Current CAP Rate of 5.04%. The Property Was Extensively Renovated in 2013. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Over 250k in Capital Improvements. Located directly between the 10 Freeway and 111 Highway. Property has easy Access to the I-10 Freeway, Indio is easily connected to the major traffic areas, with an easy access for visitors and residents.
    Exterior Features

    Lot Features Desert Front Number Of Separate Electric Meters 4 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Common Walls No Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 6.11 Common Interest None Community Features BikingCurbsStorm Drain(S)Street Lights Electric Expense 1200 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 94128 Insurance Expense 4100 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 61696 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 27726 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer None Special Listing Conditions Standard Trash Expense 1200 Utilities Sewer Not Available Vacancy Allowance 4706 Vacancy Allowance Rate 5 Water Sewer Expense 1200 Water Source Public Zoning C2

    Listing provided courtesy of Albert Le of Le Investment Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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