37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
37250 Bankside DR, Cathedral City, CA 92234
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John Matukas

John Matukas

+1(323) 377-4961
$1,800,000
Est. payment /mo
3 Beds
3 Baths
6,680 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,680 sqft

Price per Sqft $269

Subdivision Cathedral City Cove

MLS Listing ID PW26156345MR

Bedrooms 3

Year Built 1963

Lot Size 0.360 Acres

Property Sub-Type Multi-Family

Property Description

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley s strongest rental markets.

Location

State CA

County Riverside

Area Cathedral City North

Interior

Laundry Laundry Area

Exterior

Garage Spaces 12.0

Pool Private

Community Features Sidewalks

Building

Story 1

Sewer Public Sewer

Water Public

Others

Special Listing Condition Standard

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Listed by Triqor Group

NEARBY SCHOOL & BUSINESS

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John Matukas

John Matukas

+1(323) 377-4961

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