Palm Springs, CA 92262,877 E Cottonwood RD

$735,000

Est. payment /mo

$754,900

2.6%
Est.Price: ?

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877 E Cottonwood RD Palm Springs, CA 92262

0.25 Acres Lot

SOLD DATE : 10/29/2020

Key Details

Sold Price $735,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision El Mirador

MLS Listing ID 219045452PS

Sold Date 10/29/20

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 - Central Palm Springs

Interior

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplace No

Appliance Refrigerator, Water Heater

Exterior

Garage Driveway

Pool Community, In Ground

Community Features Gated, Pool

View Y/N Yes

View Mountain(s)

Parking Type Driveway

Total Parking Spaces 6

Private Pool Yes

Building

Story 1

Others

Senior Community No

Tax ID 507042008

Security Features Gated Community

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Michael Heath • VPM Rents, Inc.
Bought with Kenneth Townsend • HK Lane Real Estate

GUIDE SoCal

Broker | License ID: DRE#01976964

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