$1,225,000
$1,300,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
83931 Indio BLVD Indio, CA 92201
2.06 Acres Lot
Key Details
Sold Price $1,225,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID TR19199455
Sold Date 02/01/20
HOA Y/N No
Lot Size 2.060 Acres
Property Sub-Type Retail
Property Description
Leased investment. 5 tenants bring in $10,100 / mo.! NNN income. (net of +/- $9,800) established Auto Parts store, Parts Authority, used car sales lot, apartment unit and a mechanic. Very stable income stream. 2 parcels included totaling 2.06 acres. One of the parcels is 1/2 raw land leased on a month to month basis so a buyer could build on that portion later and increase the properties cash flow! 9% cap rate on existing tenants income.
Location
State CA
County Riverside
Area 314 - Indio South Of East Valley
Interior
Fireplace No
Laundry None
Building
Lot Description Corner Lot
Water Public
Others
Tax ID 612142002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Lee Spence • Daum Commercial RE Services
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