$ 6,595,000
82451 John Nobles Avenue Indio, CA 92201
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Listed by ALBERT LE • LE INVESTMENT GROUP
$ 6,595,000
Est. payment /mo
Active
82451 John Nobles Avenue Indio, CA 92201
25,200 SqFt
UPDATED:
10/12/2024 06:56 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 25,200 sqft
Price per Sqft $261
MLS Listing ID CRIV24170406
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1980
Lot Size 1.280 Acres
Property Description
The property possesses an extremely attractive unit mix of large two story townhouse style units. The Property is composed of Sixteen (16) Large Three Bedroom units, and (8) Oversized Four-Bedroom units. ProForma CAP Rate of 6.40%. ProForma CAP Rate is based on rental increase Year 2. Offering actual CAP rate of 6.00%. ProForma GRM of 9.97 with a current GRM of 10.44 Property being offered at a below market cost per square footage. Comparable sold properties in the Submarket areas are currently being trading at $325.81/SF. Subject property is priced below replacement costs. The buildings currently operates at 100% occupancy. Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Laundry Other
Building
Water Public
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