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Ambassador
Apartment Hotel
$1,699,000.00
12921 Tamar Dr
Desert Hot Springs, CA 92240
* Shown By Broker Appointment
Description:
One of the finest small boutique HUGE PRICE REDUCTION! SELLER
MEANS BUSINESS! Beautifully remodeled in the last year, The
Ambassador Apartment Hotel is a 21 units with hot mineral water
pool and spa and treatment facilities. The property also includes
2 commercially zoned lots with room to add 24 more units. The
apartments are built over one of the world's finest natural
hot mineral aquifers. Two wells of hot and cold mineral waters
provide guests with possibly the best liquid gold on earth.
There are 2 separate buildings, some are large suites, and have
full kitchens. The rooms are sparkling and new, tastefully refurnished.
The property is walled and gated providing residents with a
delightful retreat. There are currently 20 units rented.
Location Description: 20 minutes north of Palm Springs and 2
hours east of of Los Angeles. North on Palm, east on Hacienda
to Tamar Dr.
6% CAP RATE 9.7X GROSS INCOME
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PropertyType
Apartment
Bedrooms 25
Bathrooms 21
Square Feet 11,257
Stories 2
Floors 2
Units 21
Lot Size 38,054 sq ft
Gross Income $174,600
Net Income $108,252
Gross Operating Expenses $66,348
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Financial:
For additional financial information please print Confidentiality
Agreement and fax to (760) 322-9266 |
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This
information, while not guaranteed, has been obtained from sources
deemed reliable.
Buyer must verify the information and bears all risks for any
inaccuracies. |
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