Palm Desert Garden Apartments
7% CAP Rate on Market Rents
Marketing description
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Palm Desert Garden Apartments, a 25-unit multifamily investment property located in Palm Desert, CA.
Situated on a 1.04-acre lot, Palm Desert Garden Apartments offers a diverse mix of studio, one-, and two-bedroom floor plans, some of which feature private patios. Additionally, the property features single-story construction, a highly desirable characteristic to prospective renters. Furthermore, Palm Desert Garden Apartments features attractive amenities such as a swimming pool, a spa, storage sheds, and ample surface parking.
Palm Desert Garden Apartments is situated in an optimal Palm Desert location, within walking distance to a plethora of retail, dining, and entertainment options along the Highway 111 retail corridor. Additionally, the property benefits from its close proximity to College of The Desert, helping to attract a diverse renter pool. Furthermore, Palm Desert Garden Apartments’ location, moments away from a multitude of golf courses and parks, provides residents with convenient access to outdoor activities.
The property’s desirable single-story construction and attractive Palm Desert location are primary draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at Palm Desert Garden Apartments.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Investment highlights
» Offers a Mix of Studio, One-, & Two-Bedroom Floor Plans
» Highly Desirable Single-Story Construction
» Private Patios (Select Units) | Swimming Pool & Spa | Storage Sheds
» 17 Surface Spaces & Ample Street Parking
» Within Walking Distance to a Plethora of Retail, Dining, & Entertainment Options Along the Highway 111 Retail Corridor
» Moments Away from College of The Desert, Attracting a Diverse Renter Pool
» In Close Proximity to a Multitude of Golf Courses & Parks, Providing Residents Convenient Access to Outdoor Activities
» Convenient Access to Highway 111, Connecting Residents to Local Amenities Such as Resorts & Casinos
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