Cathedral City Homes with Apartment Subtype

Welcome to Cathedral City, California – a hidden gem nestled in the heart of Riverside County. Known for its stunning desert landscapes and vibrant community, Cathedral City offers a unique blend of outdoor adventure, cultural experiences, and a welcoming atmosphere. With the majestic San Jacinto Mountains as a backdrop, this city boasts a warm climate and abundant sunshine, making it an ideal place to call home.

For those seeking a diverse housing market, Cathedral City presents an array of options, including charming homes with apartment subtypes. These residences are perfect for families, professionals, and retirees alike, providing the flexibility of multi-generational living or the potential for rental income. Imagine enjoying the spaciousness of a family home while also having the convenience of a separate apartment for guests or tenants.

The homes in Cathedral City are designed to cater to various lifestyles, featuring modern amenities, open floor plans, and outdoor spaces perfect for soaking in the desert sun. Whether you're drawn to a cozy bungalow or a more expansive property, you'll find that Cathedral City offers something for everyone.

In addition to its appealing real estate options, Cathedral City is rich in culture and recreation. With numerous parks, golf courses, and art galleries, residents can enjoy an active lifestyle while soaking in the community's artistic flair. Plus, with easy access to nearby Palm Springs, you'll never be far from upscale dining, shopping, and entertainment.

Discover the charm of Cathedral City and explore the possibilities of owning a home with an apartment subtype – a perfect blend of comfort and versatility in a thriving community!

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.