Villa Del Sol - 32 Units - Palm Desert SOLD

32 Units in prime Palm Desert location

NOI $301,928

Projected NOI $350,300

Rent Upside

Asking Price: $5,350,000

Villa Del Sol is an outstanding opportunity for income property investors. 32 units in a gated apartment community centrally located on Washington street in Palm Desert California. Located close to the 10 freeway and lots of shopping within a half mile. All units are 2 bedroom and 2 bath units and this property includes a managers office and quarters. Amenities include lots of parking, nice patios with mountain views, laundry facilities, central pool, nice green belt. Principals have invested six figures in capital improvements over the past couple of years help to make this operation turnkey. Strong management staff is already in place and this property has nearly a 100% occupancy rate.

 

Panayot Tomov