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Rancho Mirage,CA 92270
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Thunderbird Terrace
MLS Listing ID 219135026DA
HOA Y/N No
Year Built 1963
Lot Size 0.390 Acres
Property Description
Introducing Thunderbird Terrace Apartments, a rare investment opportunity in Rancho Mirage. Located at the prestigious southwest corner of Thunder Road and Bird Lane, this 15-unit complex offers tremendous upside potential in an A+ location. The property consists of 14 spacious two-bedroom, two-bath units of approximately 1,200 square feet each, along with one three-bedroom, two-bath manager's unit of approximately 2,400 square feet. Spread across two well-built two-story frame and stucco buildings, the apartments feature exterior entrances over ground-level parking garages and a central courtyard area that enhances community living. Additional amenities include an on-site pool, landscaped common areas, and garage parking for all units, with some offering private single-car garages. Originally constructed in 1967, the complex is currently vacant and offered at a lower list price to reflect the required repairs needed. This is an as-is sale and only serious buyers prepared to complete the necessary updates and renovations should inquire. Once remodeled and repositioned, the units have the potential to achieve maximum rental value in Rancho Mirage's highly desirable market. Thunderbird Terrace Apartments presents investors with a unique chance to acquire a multifamily asset with significant value-add potential in one of the Coachella Valley's most sought-after locations.
Location
State CA
County Riverside
Area 321 - Rancho Mirage
Interior
Heating Zoned
Cooling Zoned
Fireplace No
Appliance Water Heater
Exterior
Parking Features Assigned,Community Structure
Garage Spaces 1.0
Carport Spaces 1
Garage Description 1.0
Pool Community,In Ground
Community Features Pool
View Y/N Yes
View City Lights,Desert,Mountain(s),Panoramic,Peek-A-Boo
Roof Type Composition,Flat
Total Parking Spaces 4
Private Pool Yes
Building
Lot Description Corner Lot,Landscaped
Story 2
Entry Level Three Or More
Foundation Slab
Sewer Septic Tank
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 689202024
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard