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 is known for its stunning desert landscapes, year-round sunshine, and a welcoming atmosphere that makes it an ideal place to call home. With its proximity to the bustling city of Palm Springs and the breathtaking San Jacinto Mountains, Cathedral City North offers a unique blend of natural beauty and urban convenience.

The real estate market in Cathedral City North is diverse, with a particular highlight being homes with an apartment subtype. These properties are perfect for those seeking both comfort and investment potential. Imagine living in a spacious main residence while having the added benefit of a separate apartment that can be used for guests, as a home office, or as a rental unit to generate additional income. This flexibility is a significant draw for many buyers in the area.

Cathedral City North is not just about beautiful homes; it’s also a community rich in amenities. Residents enjoy access to parks, shopping centers, and a variety of dining options. The vibrant local culture is reflected in the numerous art galleries, theaters, and community events that take place throughout the year. Whether you’re an outdoor enthusiast looking to explore the nearby hiking trails or someone who enjoys a lively social scene, Cathedral City North has something for everyone.

Discover your dream home in Cathedral City North, where the charm of desert living meets the comfort of community. Embrace a lifestyle that offers both tranquility and excitement in this beautiful corner of California.

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.