Cathedral City Homes with Apartment Subtype

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 breathtaking mountain views, Cathedral City offers a unique blend of natural beauty and urban convenience. With a warm climate year-round, it’s no wonder this city has become a favored destination for both residents and visitors alike.

Cathedral City boasts a rich cultural scene, featuring art galleries, theaters, and an array of dining options that cater to every palate. The city is also home to numerous parks and recreational facilities, perfect for families and outdoor enthusiasts. Whether you're hiking in the nearby San Jacinto Mountains or enjoying a leisurely stroll along the picturesque streets, Cathedral City provides an enviable lifestyle.

For those considering a new home, Cathedral City presents an exciting array of properties, including charming homes with apartment subtypes. These versatile residences are perfect for families, investors, or anyone seeking additional living space. With the flexibility to accommodate extended family or generate rental income, homes with apartment subtypes offer both comfort and practicality.

Imagine waking up in a spacious home that not only meets your needs but also provides opportunities for hosting guests or enjoying a little extra privacy. Many of these properties are nestled in friendly neighborhoods, close to local amenities and schools, making them ideal for families and individuals alike.

Discover the allure of Cathedral City and explore the possibilities that await you in this thriving community. Your dream home is just around the corner!

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
Start Your Search

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.