For more information regarding the value of a property, please contact us for a free consultation.
73305 Royal Palm DR Palm Desert, CA 92260
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $860,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 218020422DA
Sold Date 02/08/19
HOA Y/N No
Year Built 1966
Lot Size 0.400 Acres
Property Description
Seller Financing Offered! 4-Unit Property with four 2-bd/2-ba units, each with inside laundry and individual single car garages. The architecture is a fun mix of Mid Century Modern and Moroccan. Known as the Royal Palms and featured in Palm Springs life many years ago. Property consists of two tax parcels, both included in this sale. Please ask for an Income and Expense Statement and Rent Roll, both current and projected. Rents are currently below market value; projected market rents produce a CAP rate of 6.78%. The owner is very interested in offer seller financing. Terms are very reasonable. Please inquire.
Location
State CA
County Riverside
Area 322 - North Palm Desert
Interior
Heating Central, Natural Gas
Cooling Central Air, Electric
Fireplaces Type Living Room, See Remarks
Fireplace Yes
Appliance Gas Water Heater, Water Heater
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition,Foam,Shingle
Total Parking Spaces 10
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot, Near Public Transit, Paved, Rectangular Lot
Story One
Entry Level One
Foundation Slab
Architectural Style Mediterranean
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 627082003
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition Standard
Read Less
Bought with Doug Fischer • Coldwell Banker Realty
GET MORE INFORMATION