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. This charming region is known for its stunning desert landscapes, warm climate, and a rich blend of culture and recreation. With the majestic San Jacinto Mountains as a backdrop, Cathedral City North offers residents breathtaking views and a plethora of outdoor activities, making it an ideal place for nature enthusiasts and families alike.

One of the standout features of Cathedral City North is its diverse range of homes, particularly those with an apartment subtype. These properties are perfect for individuals seeking flexibility and convenience, whether you’re a first-time homebuyer, a growing family, or an investor looking to expand your portfolio. Homes with an apartment subtype typically offer additional living space, perfect for multi-generational families or as a rental unit for supplemental income. Imagine having a cozy one-bedroom apartment attached to your main home, providing privacy for guests or a serene workspace away from the hustle and bustle of daily life.

In addition to its appealing homes, Cathedral City North boasts a thriving community atmosphere. Residents enjoy access to local parks, shopping centers, and dining options that cater to every palate. The nearby Coachella Valley is renowned for its cultural events, including music festivals and art shows, ensuring there’s always something exciting happening in the area.

Discover the charm and convenience of Cathedral City North, where your dream home awaits amidst the beauty of Southern California living. Embrace a lifestyle that balances comfort, community, and adventure!

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.