Residential Income - Palm Springs, CA
Sellers motivated! Updated information provided 11.20.17 - now a 5% cap rate! Smoke Tree Apartments - 51 studio apartments and 2 one bedrooms units; rarely a vacancy. Attractive Pool, Spa, very well maintained. Located just off Hwy. 111, between two large shopping centers, restaurants, supermarkets, amenities, and only minutes to downtown Palm Springs and Palm Springs international airport. It includes an approximate 1 acre of vacant land for expansion. Property information sheet is attached (click on staple above) Zoned for Sober or Assisted living with CUP - Potential to QUADRUPLE income!
Would you like more information regarding this property?
Please call (760) 297-2116.
Data Provided by:
California Desert Association of Realtors