61
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$1,357,900
Est. payment /mo
10,018 Sqft Lot
New
521 Desert WAY Palm Springs, CA 92264
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Demuth Park
MLS Listing ID 219150331DA
HOA Y/N No
Year Built 1963
Lot Size 10,018 Sqft
Property Description
Rare Palm Springs Demuth Park 5-Unit investment and owner -user opportunity . Beautifully renovated property offering immediate rental income, resort style living and exceptional zoning flexibility. This Desert Urban Retreat presents a unique opportunity. . Set on one of the areas most sought after streets, this 5 unit apartment building blends immediate potential income with comfort and sophistication with owner occupied living if you choose. . Located within walking distance to the new College of the Desert and the newly renovated Demuth Park which features a $7.5 million dollar investment that includes 22 new pickleball courts, large and small dog parks and entrance to the new valley wide CV Link. Nearby Prescott Reserve also adds value to the area., Currently you have 3 long term residents that offer dependable cash flow.R2 zoning adds valuable flexibility beyond traditional long term tenants Potential uses may include senior living, recovery retreats, assisted living, multi -generational housing, sober living ..all subjected to Palm Springs City approval. This is a turn key property with seller inventory list . All items outlined here are subjected to buyer verification .
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Interior
Heating Forced Air
Cooling Central Air
Flooring Tile
Inclusions Seller inventory list
Fireplace No
Exterior
Parking Features Other
Pool In Ground
Community Features Gated
View Y/N Yes
View Mountain(s)
Total Parking Spaces 8
Private Pool Yes
Building
Lot Description Landscaped
Story 1
New Construction No
Others
Senior Community No
Tax ID 680033011
Security Features Gated Community
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Faith Messenger HomeSmart #01094022
NEARBY SCHOOL & BUSINESS
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