877 E Cottonwood Road, Palm Springs, CA 92262
Property · 2 recorded sales since 2019
Sold October 2020
Listing Agent: Michael Heath (DRE #01716810) · Listing Office: VPM Rents, Inc. · Contact: (888) 503-2909 · Bought with: Kenneth Townsend · HK Lane Real Estate · MLS #219045452PS · Source: CRMLS
About this property
Cottonwood Club! Turnkey Gated Residential 4-Plex: Newly remodeled, affordable upscale modern designed complex. Amenities include a Full-size pool, large social and BBQ area with a shaded gazebo, and 2 private patios make for a great place to enjoy Palm Springs living. Located in a safe neighborhood with strong rental demand and close to all needed conveniences for day to living. Stores, schools, shops, parks, restaurants, downtown, freeway, airport, golf, tennis, hiking and more. This property is Cash-Flow Positive from Day 1 and perfect for the following types of ownership. A - Owner occupied operator or with professional management. B - Positive cash flow investment with upside value. C - Income-producing addition to personal investment portfolio or REIT. Good ROI, Cash on Cash Return, Cap Rate, NOI and Increased Valuation. Mix: 2 bed / 2 bath, 2 bed / 1 bath and two studio apartments.
Listing description from the October 2020 sale, as reported to CRMLS.
Sale history
