Cathedral City North (335) Homes with Apartment Subtype

Welcome to Cathedral City North, a hidden gem nestled in the heart of Riverside County, California. This vibrant community offers a unique blend of stunning desert landscapes, a rich cultural tapestry, and a welcoming atmosphere that makes it an ideal place to call home. Known for its picturesque mountain views and sunny weather, Cathedral City North is a haven for outdoor enthusiasts and those seeking a laid-back lifestyle.

One of the standout features of Cathedral City North is its diverse range of housing options, particularly homes with an apartment subtype. These properties are perfect for families looking for space, investors seeking rental opportunities, or anyone who desires the flexibility of multi-generational living. With spacious layouts and modern amenities, these homes provide the ideal backdrop for both relaxation and entertainment. Imagine enjoying a cozy evening on your patio, surrounded by the stunning desert scenery, or hosting friends and family in your expansive living area.

The community is also rich in recreational opportunities. Residents can explore nearby parks, hiking trails, and golf courses, or take a short drive to the bustling downtown Palm Springs for shopping and dining. The local culture is vibrant, with art festivals, farmers' markets, and community events that foster a strong sense of belonging.

Whether you're looking for a serene retreat or a lively community, Cathedral City North offers a perfect blend of both. Discover your dream home in this enchanting region and experience all that this beautiful area has to offer.

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.