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Listed by DARREN CORREA • LE INVESTMENT GROUP
$5,695,000
Est. payment /mo
1.28 Acres Lot
New
82451 John Nobles Indio, CA 92201
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIV26016411
Year Built 1972
Lot Size 1.280 Acres
Source California Regional MLS
Property Description
TRUE +7% CAP - John Nobles Townhomes - Multi-Family - Current CAP Rate of 7.13%, ProForma CAP Rate of 7.74%. All units have been fully renovated & re-tenanted at market-rate rents across the property. / All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes. / Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations. The John Nobles Apartments, a freshly renovated 24-unit apartment complex located in sunny Indio, CA. Built in 1980, the apartments are located on a 1.280 acre lot. The two buildings are composed of Sixteen (16) Three-Bedroom units & Eight (8) Four-Bedroom units, all featuring a spacious & comfortable 2-story townhome design. Amenities include onsite parking, essential appliances in each unit & private vinyl-fenced backyards.
Location
State CA
County Riverside
Area 699 - Not Defined
Interior
Heating No Heating
Laundry 30
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 614120002
Special Listing Condition Not Applicable

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