$1,800,000

Multi Family In Cathedral City

  • 3 Beds
  • 3 Baths
  • 15,682 Sqft lot
  • Updated: July 18
  • Source:
    San Diego MLS  MLS#PW26156345

About the Property

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless si
We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valleys strongest rental markets.
  • Property type

    Other

  • Floors

    1

Features

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37250 Bankside Drive, Palm Springs, California, United States View on Google Maps
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Triqor Group - Newport Beach

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Triqor Group - Newport Beach
California, United States
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11
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2025
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Triqor Group - Newport Beach
Newport Beach, California, United States
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Last updated
July 18
First listed
Jul 18
Listing reference
PW26156345
Listing status
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