595 S Thornhill Road

Sago Palms -- Six-Unit Multifamily Property in the heart of Palm Springs. Located in the Warm Sands area of Palm Springs, Sago Palms is a unique six-unit multifamily property with a history as a former hotel. The property offers a mix of residential units, attractive amenities, and stunning mountain views. The property consists of: One, 2-bedroom, 2-bathroom unit with -- currently needs work Three, 1-bedroom, 1-bathroom units -- currently in rentable condition and Two studio apartments. A total of three gas fireplaces in various units. Community pool Shared laundry room -- no additional income Street/open parking Separate utility meters Leased solar system Upgraded plumbing Two tankless water heaters Stunning mountain views The property is being sold AS-IS. There are currently three tenants and one owner-occupant living on the property. All occupants are on month-to-month rental agreements, providing flexibility for a future owner. Current Rental Income: One bedroom units: $1200 per month Two bedroom units: $1600 per month. Studio apartments: $1085 per month. Vacancy in on Studio and the 2 bed, 2 bath unit (needs remodeling). Solar lease is $524.85 per month with Sun run. Expires in 2035. Current buy out is $46,455.88.