33034 Sky Blue Water TrlCathedral City, CA 92234
- Apartment buildings
- 4,440 SF
Property Details for 33034 Sky Blue Water Trl
- Property size (Sq ft)
- 4,440 SF
- Property type
- Apartment buildings
Description
This exceptional four-unit apartment complex, located at 33034 Sky Blue Water Trail in Cathedral City, California (zip code 92234), presents a compelling investment opportunity. The property boasts a total of 4,440 square feet and is priced at $1,100,000, translating to a price per square foot of $247.75 and a price per unit of $275,000. The property's attractive 5.02% cap rate makes it a strong contender in the current market. Each of the four units features three bedrooms and two bathrooms, providing comfortable living spaces for tenants. Many units have undergone recent renovations, enhancing their appeal and potential rental income. The complex includes the convenience of four two-car garages, along with ample additional parking for residents. Situated in Riverside County, this property benefits from its location in Cathedral City, California. This turnkey investment offers a solid return and the potential for future appreciation. The property's strong rental history and well-maintained condition make it an ideal addition to any investment portfolio. This is a rare opportunity to acquire a well-maintained multifamily property in a desirable location.
Location Insight
- City
- Cathedral City
- County
- Riverside
- State
- California
- Latitude
- 33.8084
- Longitude
- -116.47
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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