For Sale
$800,000

82626 Bliss AveIndio, CA 92201

Six-unit apartment building, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a six-unit apartment building located at 82626 Bliss Ave, Indio, CA 92201. The property, situated on a 0.17-acre lot, boasts a 5.93% cap rate and is currently 100% occupied. The building, constructed in 1948, is a single-story, Class B multifamily property with a permitted R3 zoning. Each of the six units features one bedroom and one bathroom, providing comfortable and convenient living spaces. Tenants are responsible for their own electricity, gas, and water, while the property owner manages the recently updated trash and septic services, contributing to streamlined maintenance and operational efficiency. The property's location offers easy access to major roadways and nearby amenities, making it highly attractive to renters. With a total asking price of $800,000, this translates to a price per unit of $133,333.33. This is an ideal investment for those seeking a stable, high-occupancy property in a growing market. The property's strong performance and convenient location make it a compelling opportunity for both seasoned investors and those new to the market. The all-age complex presents a low-maintenance, high-return investment prospect. The property's APN is 611-163-023.

Highlights

  • Six-unit multifamily property.
  • 100% occupancy.
  • Six (6) one-bedroom, one-bathroom units.
  • 0.17-acre lot.
  • Built in 1948.
  • All-ages community.

Property Details for 82626 Bliss Ave

Property type
Apartment buildings
Class
B
Year Built
1948
Buildings
1
Stories
1
Lot Size (sq. ft)
7,405 SF
Units
6

Location Insight

City
Indio
County
Riverside
State
California
Latitude
33.719351979746
Longitude
-116.22271712767
82626 Bliss Ave, Indio, California

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82626 Bliss Ave
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