Property Description: ***100% OCCUPIED-NO VACANCY-9% CAP RATE***1.64 acres- (16) mobile home spaces AND (6) apts. consisting of (1) triplex=(2) 1/BR,(1)BA@$655 & $600. & (1) Studio@$500; (1) duplex=(2) 1/BR (1) BA@$635; (1) sep. F/S apt=(2) BR, (1) BA@$650. Property sold "as is". ATTN: Developers - Additional rental units or offices could be built. PLEASE DO NOT CONTACT THE TENANTS OR THE MANAGER.
1.64 acres - Located directly across the street from the Court House, a superlative location. Take the "Business 10 Freeway to Jackson offramp, go north to Lupine, turn right.
Location Description: This property is located in Indio, a city in Riverside County, California, at the eastern end of the Coachella Valley; which is composed of nine cities: Desert Hot Springs, Palm Springs, Cathedral City, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, Palm Springs, and Coachella. The total permanent population numbers 180,000, with a seasonal rise to approximately 240,000.
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P&L 2009
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