Property Detail

Description

TRUE +7% CAP - John Nobles Townhomes - Multi-Family - Current CAP Rate of 7.13%, ProForma CAP Rate of 7.74%. All units have been fully renovated & re-tenanted at market-rate rents across the property. / All Two-Story Townhouse Style Units - Unparalleled unit mix of (16) 3 Bed 1.5 Bath townhomes & (8) 4 Bed 2 Bath townhomes. / Over $1,000,000 in recent capital improvements, including all new roofing, HVAC unit replacements, full interior and exterior renovations. The John Nobles Apartments, a freshly renovated 24-unit apartment complex located in sunny Indio, CA. Built in 1980, the apartments are located on a 1.280 acre lot. The two buildings are composed of Sixteen (16) Three-Bedroom units & Eight (8) Four-Bedroom units, all featuring a spacious & comfortable 2-story townhome design. Amenities include onsite parking, essential appliances in each unit & private vinyl-fenced backyards.