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Tyler Coon

tyler@savvy.realty +1(828) 620-2541

$925,000

Est. payment - /mo

7 Beds

7 Baths

4,267 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,267 sqft

Price per Sqft $216

Subdivision Warm Sands

MLS Listing ID 219151275DA

Bedrooms 7

Three Quarter Bath 7

Construction Status Repair Cosmetic

Year Built 1958

Lot Size 0.340 Acres

Property Sub-Type Multi-Family

Property Description

Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs.Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views.The property consists of:One, 2-bedroom, 2-bathroom unit with -- currently needs workThree, 1-bedroom, 1-bathroom units -- currently in rentable condition andTwo studio apartments.A total of three gas fireplaces in various units. Community poolShared laundry room -- no additional incomeStreet/open parkingSeparate utility metersLeased solar systemUpgraded plumbingTwo tankless water heatersStunning mountain viewsThe property is being sold AS-IS.There are currently three tenants and one owner-occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner.Current Rental Income:One bedroom units: $1200 per monthTwo bedroom units: $1600 per month.Studio apartments: $1085 per month.Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling).Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.

Location

State CA

County Riverside

Area Palm Springs South End

Interior

Heating None

Cooling Central

Flooring Other

Equipment Garbage Disposal, Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Unassigned

Garage Spaces 8.0

Pool Community, Gunite, In Ground

Community Features Community Mailbox

View Y/N Yes

View Mountains

Building

Lot Description Secluded

Story 1

Sewer Unknown

Level or Stories One

Structure Type Stucco

Construction Status Repair Cosmetic

Others

Special Listing Condition Standard

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Tyler Coon

+1(828) 620-2541

Founder & CEO | License ID: 313885

Founder & CEO License ID: 313885

595 S Thornhill RD Palm Springs, CA 92264

Tyler Coon

Key Details

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Interior

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595 S Thornhill RD