Property Description: Multi-Family on 950 East Chuckwalla Road, Palm Springs, CA state. This listing was added to our database on Nov 28, 2013. Year of built is 1970. The general area of Multi-Family is 3,500. Four units: all are two-bedroom/two-bath units with patios. Three units (#2,3,4) are similar in size and layout. The fourth larger unit (#1) is detached and separate with it's own private entry and private patio. This larger, private unit might be perfect for the owner-occupy buyer. All units have tile and carpet floors throughout, central air and heat, stoves, dishwashers (except #2) and refrigerators. The roof was redone in 2005. The grounds and pool area are very private with a nice tropical feel. Tenants pay their own electricity. Good, central location. Walking distance to downtown Palm Springs. Units #1 and #2 are currently vacant to accommodate showings. Sellers estimate the building was built in 1970 as tax records do not show a date built (buyer to verify). With the three smaller units rented at $850 a month and the fourth larger unit rented at $1100 a month, the PROJECTED CAP rate would be approximately 6.22%.
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