595 S Thornhill Road, Palm Springs, California, 92264

Listed by RE/MAX All-Pro, Elaine Stewart
$925,000
4,267 Sqft
7 bd
0 ba
#219151275
Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs. Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views. The property consists of: One, 2-bedroom, 2-bathroom unit with -- currently needs work Three, 1-bedroom, 1-bathroom units -- currently in rentable condition and Two studio apartments. A total of three gas fireplaces in various units. Community pool Shared laundry room -- no additional income Street/open parking Separate utility meters Leased solar system Upgraded plumbing Two tankless water heaters Stunning mountain views The property is being sold AS-IS. There are currently three tenants and one owner-occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner. Current Rental Income: One bedroom units: $1200 per month Two bedroom units: $1600 per month. Studio apartments: $1085 per month. Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling). Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.

PROPERTY FEATURES

  • Utilities : Cable Connected
  • Sewer Source : Unknown
  • Community Features : Community Mailbox
  • Parking Features: Unassigned
  • Parking Total: 8
  • Lot Features : Private
  • Patio And Porch Features : Concrete Slab
  • Pool Features: Gunite, Community, In Ground
  • Cooling: Central Air
  • Construction Materials: Stucco
  • Appliances : Disposal, Refrigerator, Electric Range, Gas Range
  • Levels : One
  • LaundryFeatures : Community
PROPERTY DETAILS
ID: 219151275
Status: Closed
Price: $925,000
Type: Condo/ Townhome/ Apartment
Address: 595 S Thornhill Road
City, State: Palm Springs, California
County: Riverside
Zip Code: 92264
Lat/Long: 33.814466, -116.533415
Presented By: Elaine Stewart
Phone:
Email: Click to Contact