- $3,100,000
- 11,916 SF Apartment Building
- Built in 1986
- Own a 100% leased, well-maintained multifamily asset with all new roofs and nine spacious units, ideally located near parks, shops, and College of the Desert.
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Palm Desert Apartment Buildings for Sale
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FAQs about Apartment Buildings for Sale in Palm Desert
How many Apartment Building listings are available for sale in Palm Desert?
Currently, there are 5 Apartment Building listings for sale near Palm Desert, CA. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Palm Desert?
The average price per square foot for Palm Desert apartment buildings for sale is about $365.
When available, the price of these buildings in Palm Desert, CA varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
When available, the price of these buildings in Palm Desert, CA varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Palm Desert?
The average size of apartment buildings for sale in Palm Desert, CA is approximately 15,343 SF. The largest building available is 22,200 SF and the smallest is 11,916 SF.
What is the average cap rate for Multi-family Properties in Palm Desert?
Cap rates for apartment buildings in Palm Desert, CA typically range between 4.58% and 14.33%, with variations influenced by factors including tenant quality, lease terms, and property age. Read more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Palm Desert?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Palm Desert, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Palm Desert, CA.
Depending on the location within the city of Palm Desert, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Palm Desert, CA.
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