REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,800,000

Est. payment - /mo

0.36 Acres Lot

Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26156345

HOA Y/N No

Year Built 1963

Lot Size 0.360 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley's strongest rental markets.

Location

State CA

County Riverside

Area 335 - Cathedral City North

Interior

Fireplace No

Laundry Common Area

Exterior

Pool Private

Community Features Sidewalks

Total Parking Spaces 12

Private Pool Yes

Building

Lot Description Irregular Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 687101002

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Ryan Loria Triqor Group 949-756-3232, DRE #02006138

Nearby School & Business

Get More Information

Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

Quick Search

37250 Bankside DR Cathedral City, CA 92234

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information