42720 Clifford Street, Palm Desert, CA 92260

$1,075,000
8
BD
8
BA
4,012
SqFt
Sold Price
$1,075,000
List Price
$1,050,000
Closing Date
Dec 06, 2021
Status
CLOSED
MLS#
219069243
Year Built
1981
Bedrooms
8
Bathrooms
8
Living Sq. Ft
4,012
Lot Size
14,810
Days on Market
47
Property Type
Multifamily
Style
Traditional
Neighborhood
Not Applicable

Property Description

Welcome to a great income property in the heart of Palm Desert. Centrally located close to shopping, dining and freeway. Property is within Desert Sands Unifed School District. These two low maintenance duplexes are easy to rent and have strong historical occupancy. No pool and no lawn to maintain. Each unit has 2 bedrooms and 2 baths (both are master suites). Currently below market rents. Huge upside and rental growth potential. Tenants are on a month-to-month tenancy. Laundry hook-ups. Permitted 2-car garage for each unit; Total of 4-car parking. Each unit has its own private backyard. Tenants pay utilities. Separately metered for electricity and gas. Central A/C and Heating. Potential for ADU. Buyer to cooperate with seller's 1031 exchange. Also included in sale is 42740 Clifford Street, APN: 624-242-011. **Market rent potentially $1500-$1700 per month per unit.**

Additional Information

Heat
Hot Water
Cooling
Air Conditioning, Gas
View
Mountain(s)
Parking
Assigned
Sewer
In, Connected and Paid
High School
Palm Desert

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of HomeSmart. Selling Office: .