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877 E Cottonwood RD Palm Springs, CA 92262
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Key Details
Sold Price $735,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,395 sqft
Price per Sqft $306
Subdivision El Mirador
MLS Listing ID 219045452
Sold Date 10/29/20
Style Mid Century
Bedrooms 6
Full Baths 5
HOA Y/N No
Year Built 1975
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Cottonwood Club! Turnkey Gated Residential 4-Plex: Newly remodeled, affordable upscale modern designed complex. Amenities include a Full-size pool, large social and BBQ area with a shaded gazebo, and 2 private patios make for a great place to enjoy Palm Springs living. Located in a safe neighborhood with strong rental demand and close to all needed conveniences for day to living. Stores, schools, shops, parks, restaurants, downtown, freeway, airport, golf, tennis, hiking and more. This property is Cash-Flow Positive from Day 1 and perfect for the following types of ownership. A - Owner occupied operator or with professional management. B - Positive cash flow investment with upside value. C - Income-producing addition to personal investment portfolio or REIT. Good ROI, Cash on Cash Return, Cap Rate, NOI and Increased Valuation. Mix: 2 bed / 2 bath, 2 bed / 1 bath and two studio apartments.
Location
State CA
County Riverside
Area 332 - Palm Springs Central
Interior
Heating Other
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Pool Community, In Ground, Not Heated
View Y/N true
View Mountain(s)
Private Pool Yes
Building
Story 1
Entry Level Ground
Sewer In, Connected and Paid
Architectural Style Mid Century
Level or Stories Ground
Schools
School District Palm Springs Unified
Others
Senior Community No
Special Listing Condition Standard
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