29
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$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 Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV26016411
HOA Y/N No
Year Built 1972
Lot Size 1.280 Acres
Property Sub-Type Apartment
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 None
Fireplace No
Laundry Washer Hookup
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 614120002
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840
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