Description

This unique 5-unit compound is located in the prime and much sought-after Warm Sands area of South Palm Springs. Centrally located and close to the Downtown Palm Springs Village. Fully gated & secure. Classic Mid-Century Modern architecture Garden-Style apartment complex. It can be operated as an apartment building, or live in one unit and rent out the rest, or convert it to a boutique hotel. Minutes to the many fine shops and restaurants on Palm Canyon Drive. The perfect desert retreat! Five units total, four 1bd/1ba and one 2bd/2ba. The front unit is a detached house that has a living room with a modern rock fireplace, kitchen with a dining area, private patio with mountain views, and is 1-bedroom, 1-bath. The additional units include three 1-bedroom/1-bath units and one 2-bedroom/2-bath unit. All of these units have living rooms, impeccably maintained vintage Mid-Century Modern kitchens with original metal cabinets, breakfast bars, and dining areas. All overlook central garden areas and all have private back patios. The newly renovated pool has a large patio area with mountain views, all new pool equipment in a secure equipment area. A facilities-only electrical line was added for the grounds, the pool and laundry room. Included in the purchase price are all appliances (refrigerators, ovens, stoves, washer, dryer). All 5 units are separately metered. Buyer to co-operate with "possible" Seller's 1031 Tax Deferred Exchange at no cost to Buyer. Broker, Broker's Agents, & Sellers do not represent and/or guarantee the accuracy of the square footage, permitted or unpermitted space, bedroom/bath count, lot size/dimensions, schools, or any other information concerning the conditions or features of the property & surrounding area, including property income. The buyer is advised to independently verify the accuracy of all information through personal inspection and/or investigation with appropriate professionals to satisfy themselves regarding all material issues of the subject property etc.