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37250 Bankside Drive

Cathedral City CA 92234

3
3
15682 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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 Valleys strongest rental markets.

Features

3 bedrooms
3 bathrooms
15682 sq. ft. lot size
Multi-Family

Happy sellers in Cathedral City

<50%
Less than 50% of sellers in Cathedral City reported that their sale price either exceeded or met their price expectations.

Cathedral City stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Cathedral City over the last 12 months.

Local market activity for 3 bedroom multi families in Cathedral City

In the last 12 months, 1 three-bedroom multi family similar to 37250 Bankside Drive, have been sold.

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Sales:
(619) 566-0008
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