Property Detail

Description

Welcome to 525 S Thornhill Rd, an exceptional five-residence multifamily offering nestled in the timeless allure of Palm Springs. This boutique investment property blends stable income performance with remarkable long-term upside, making it a rare opportunity in one of Southern California's most sought-after destinations.Currently 80% occupied, minus the owner's unit which will generate $2000 per month. At full occupancy the property will obtain a projected stabilized income of approximately $110,400--positioning it as both a reliable asset and a premium value-add candidate. The property has a total of 6 electric and 6 gas meters. Each residence is individually metered for gas and electric and has approximately 800 sq ft. of living space. Every unit comprises of a 1 bedroom and 1 bath layout along with private courtyards and 1 assigned parking spot. There is also a section of the lot on Thornhill Rd. that can be utilized for added parking or another potential unit. This property offers comfort, livability, and the charm expected in a desert retreat,