49th Avenue, Indio, CA 92201

$1,500,000
List Price
$1,500,000
Status
ACTIVE
MLS#
219031516
Lot Size
5
Lot Location
Corner Lot, Cul-De-Sac
Days on Market
5
Property Type
Multifamily
Neighborhood
Stonefield Estates

Property Description

''GALLERY 49 WEST'', consisting of 9 improved & recorded lots (for sale in bulk) which is approved as a gated enclave of modern high-end for-sale homes OR as vacation-rental homes, not far from the world renowned Music Festivals. This project is located in the high-end Southwest Corner of Indio, nearly adjacent to La Quinta, where home prices average above $1M. These near half-acre lots have the ability to support a large product size and great floor plan. The current product is proposed with modern architecture, and could be tweaked further. Gallery 49 is one of the only opportunities like this with a private enclave near the Music Festival Grounds, with ability to sell to investor homebuyers whom will operate the home as a lucrative vacation rental, OR for you to run a similar business plan directly. There are some other similar developments report rental revenues as high as $100k/weekend during each of the 3 festival weekends each Spring. Otherwise, a for-sale homes sale business plan with modern product could yield home values of $1.25M-$1.5M+.

Additional Information

Sewer
Other
Water
Other

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Calculator source: Real Geeks

Listing courtesy of The Hoffman Company.