82711 Indio Boulevard Indio CA 92201 | IV21198908

82711 Indio Boulevard
Indio, CA, 92201
$1,010,000
Beds
Baths
0 SqFt
0.51 Acres
This Commercial Retail / 5 Unit Mult-Family Apartment is composed currently of 3,975 square feet. The Commercial Retail is composed of 1,075 square feet while the 5-Unit Apartment is composed of 2,900 square feet. This property consist of (2) Two Bedroom / One Bathroom units, (2) One Bedroom /One Bathroom units and (1) Studio unit. The current commercial retail tenant has leased the retail space for 5+ years. The property is located on a 0.51 acres with frontage on a corner lot built in 1940. This downtown Indio location is ideal for business and residential. Located directly between the 10 Freeway and 111 Highway. Property has easy Access to the I-10 Freeway, Indio is easily connected to the major traffic areas, with an easy access for visitors and residents. ProForma CAP Rate of 6.11%, With a ProForma GRM of 10.73 Current CAP Rate of 5.04%. The Property Was Extensively Renovated in 2013. Pride Of Ownership, Absolute Turn Key, Financeable Asset. Over 250k in Capital Improvements. Located directly between the 10 Freeway and 111 Highway. Property has easy Access to the I-10 Freeway, Indio is easily connected to the major traffic areas, with an easy access for visitors and residents.

Property Details

Price:
$1,010,000
MLS #:
IV21198908
Status:
Active Under Contract
Address:
82711 Indio Boulevard
Type:
Residential Income
City:
Indio
Listed Date:
Jul 25, 2021
State:
CA
ZIP:
92201
Lot Size:
22,215 sqft / 0.51 acres (approx)
Year Built:
1967
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