Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California – a vibrant gem nestled in the heart of Riverside County. Known for its stunning desert landscapes and welcoming community, Cathedral City offers a unique blend of modern living and natural beauty. With the majestic San Jacinto Mountains as a backdrop, residents enjoy breathtaking views and a plethora of outdoor activities, from hiking and biking to golfing and exploring the nearby Coachella Valley.

Cathedral City is not just about picturesque scenery; it’s a thriving hub of culture and entertainment. The city boasts a diverse array of dining options, shopping venues, and recreational facilities, ensuring there’s something for everyone. Whether you’re enjoying a night out at a local restaurant or attending one of the many community events throughout the year, the warmth and hospitality of Cathedral City shine through.

For those considering a move to this enchanting city, homes with apartment subtypes offer an excellent opportunity for versatile living arrangements. These properties are perfect for families, investors, or anyone seeking the convenience of multi-family living. With spacious layouts and modern amenities, homes with apartment subtypes provide the ideal blend of comfort and functionality. Imagine having the option to host guests, create a home office, or even generate rental income – the possibilities are endless!

In Cathedral City, you’re not just buying a home; you’re embracing a lifestyle filled with sun-soaked days and starry nights. Explore the potential of this dynamic community and discover your perfect home today!

Newest Cathedral City Homes with Apartment Subtype

$1,800,000

PW26156345 MLS ⋅ Active Status

We are pleased to present Bankside Apartments, well-maintained and upgraded 12-unit apartment community located in Cathedral City, CA. The property offers an attractive unit mix consisting of spacious, single-story Studio, 1-bedroom, and 2-bedroom units. Eleven of the twelve units have been thoughtfully renovated with wood-look porcelain tile flooring, upgraded kitchens and bathrooms, stainless sinks, and dual-pane windows. The community features a sparkling swimming pool within a gated courtyard, central heating and air conditioning, an on-site laundry facility, open parking, and all-new electrical panels. Bankside Apartments presents a compelling value-add opportunity with approximately 45% upside in rental income. Through the continued implementation of market rents, a new owner has the potential to significantly increase cash flow and achieve an estimated 8.2% capitalization rate, making this an attractive investment in one of the Coachella Valley’s strongest rental markets.

37250 Bankside Drive, Cathedral City

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.