About This Home
This 8-bedroom, 5-bathroom residential multi family at 521 Desert Way in Palm Springs, CA is listed for $1,357,900 ($348 per sqft). Built in 1963, the home offers 3,900 sqft of living space on a 0.23 acres lot.
Key Features
- Built in 1963
- 0.23 acre lot
- 8 parking spaces
- Private pool
Property Details
Amenities
Rare Palm Springs Demuth Park 5-Unit investment and owner -user opportunity . Beautifully renovated property offering immediate rental income, resort style living and exceptional zoning flexibility. This Desert Urban Retreat presents a unique opportunity.
. Set on one of the areas most sought after streets, this 5 unit apartment building blends immediate potential income with comfort and sophistication with owner occupied living if you choose. . Located within walking distance to the new College of the Desert and the newly renovated Demuth Park which features a $7.5 million dollar investment that in
cludes 22 new pickleball courts, large and small dog parks and entrance to the new valley wide CV Link. Nearby Prescott Reserve also adds value to the area., Currently you have 3 long term residents that offer dependable cash flow. R2 zoning adds valuable flexibility beyond traditional long term tenants Potential uses may include senior living, rec
overy retreats, assisted living, multi -generational housing, sober living ..all subjected to Palm Springs City approval. This is a turn key property with seller inventory list . All items outlined here are subjected to buyer verification .
Monthly Cost Estimate
$7,262/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
521 Desert Way
Palm Springs, CA 92264
Demuth Park
Property Details
Flooring
Parking
Heating
Cooling
Questions & Answers
This 8-bedroom, 5-bathroom residential multi family at 521 Desert Way is listed at $1,357,900 ($348/sqft). The estimated monthly payment is $7,262 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1963, 0.23 acre lot, 8 parking spaces, Private pool.
This property is listed by Faith P Messenger and can be reached at 7603335956.
