Description

Great investment opportunity. A READY TO BUILD 40 APARTMENTS PROJECT IN LA QUINTA. La Quinta is known as The Gem of the Desert. It offers sunny weather all year round with spectacular mountain views. Luxurious living, countless outdoor recreation activities, boutique shopping, and world-class golf courses. The project is to build 40 apartment units in 5 individual buildings on a 5.6 acres (total 11 parcels). Next to a golf course located on the north side of 111 hwy & east of Jefferson Street. All construction permits (Grading, block wall, building) are approved and final. School fees, sewer line, water line are paid, and performance bonds are posted. CONSTRUCTION CAN BE STARTED IMMEDIATELY. Building #1 consists of 8 apartment units, building #2 consists of 12 apartment units, building #3 consists of 2 apartment units, building #4 consists of 6 apartment units, building #5 consists of 12 apartment units. 34 units offer 2beds/2 baths with walk-in closet, island kitchen, air conditioning, balcony, dishwasher, ceiling fan and more. 6 units offer 3 beds/2 baths with the same amenities. Total living spaces for all 5 buildings are 46,478 s.f. in a luxury community with pool & spa, BBQ, patios, recreation area & dog walks area, etc. Selling price is $2.5 million for the land and the plans. Buyer to reimburse seller all actual permits fees and fees for school district, sewer line, water line & electric line. Please contact Agent for more information of Seller reimbursement.

Features

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• 5.2 Acres