Cathedral City North (335) Homes with Apartment Subtype

Welcome to Cathedral City North, a vibrant and inviting community nestled in the heart of Riverside County, California! Known for its stunning desert landscapes and breathtaking mountain views, this area offers a unique blend of natural beauty and urban convenience. Cathedral City North is a delightful neighborhood that caters to a diverse range of residents, making it an ideal place to call home.

The real estate market in Cathedral City North features an exciting array of homes, particularly those with an apartment subtype. These properties are perfect for anyone looking to invest in multi-family living arrangements, whether you’re a seasoned investor, a first-time homebuyer, or someone seeking a comfortable space for extended family. The homes here often boast spacious layouts, modern amenities, and the potential for rental income, making them a smart choice for savvy buyers.

Living in Cathedral City North means you’ll enjoy easy access to a variety of local attractions, including parks, shopping centers, and dining establishments. The area is well-connected, providing convenient routes to nearby cities and attractions in the Coachella Valley. Residents can take advantage of the region’s year-round sunshine, perfect for outdoor activities such as hiking, golfing, and enjoying community events.

Whether you’re drawn to the charming neighborhoods or the appealing lifestyle that Cathedral City North offers, this area presents an exceptional opportunity for homeownership. Discover your dream home today in this flourishing community where comfort meets opportunity!

Newest Cathedral City North (335) 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.