33040 Rancho Vista Dr, Cathedral City, CA 92234
17 Unit Apartment Building | $12,780,000 ($751,765/Unit) | 4.11% Cap Rate | Cathedral City, CA 92234
For Sale
Active
Asking Price $12,780,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Multifamily
- Square Feet
- 65,340 SF
Listing Contacts
Bob Stewart
Property Overview
Brand New 17 Unit Apartment Building under construction to be completed in December 2024 or January 2025., For sale for $12,995,000, costing of (12 )4BR 2.5 BA,( 5 )3BR 2.5 Ba, said construction can be completed in December 2024 or sooner .Completed Value $12,780,000. Net operating income when completed $525,000. Each unit will have 100% Solar, 2 Car Garage, 2 parking spaces Gated Entry, Pool, All electric and solar, tenant will have no electric bill. This is an Opportunity Zone Property which has tremendous tax benefits to the buyer if needed. We know this market and the said rents, we built on our adjacent property and sold the units during construction. Call Bob at 805-903-2688 for more information
Property Details
- Class
- B
- Year Built
- 2025
- Stories
- 2
- Lot Size (sq. ft)
- 66,211 SF
- Units
- 17
Highlights
- Large units 2 & 3 bedrooms, 2car garages, 2 parking spaces in driveway, 100% solar, Gated community, all electric.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].