45420 Park StIndio, CA 92201

This exceptional investment opportunity presents a 5-unit apartment building located at 45420 Park St, Indio, CA 92201. The property, built in 1958, boasts 7,840 square feet on a 0.18-acre lot and is classified as a Class B multifamily building with R3 zoning. Currently operating at 80% occupancy, the complex offers five 2-bedroom, 1-bathroom units, each generating consistent rental income. Tenants are responsible for their own utilities (electric, gas, and water), while the owner manages trash and sewer services. The property's strategic location near major highways provides easy access to shopping, amenities, and surrounding areas, contributing to its high rental demand. With a 7.59% cap rate and an asking price of $995,000, this property represents a strong investment opportunity in Indio's thriving rental market. The single-story building is situated in a desirable residential neighborhood and offers a low-maintenance investment with significant growth potential. The property's solid rental history and prime location make it an attractive choice for investors seeking a stable and profitable asset. The APN is 611-182-004. This is an all-age complex.