Project Category: Original Use Property
The subject property is a fully entitled and permit ready 60-unit multi-family residential development site located on Avenue 44 just west of Jackson Street in the booming city of Indio. This development opportunity will be delivered with all final city approvals for the construction of 60 residential units in six separate buildings.
Project Qualification: Original Use PropertyReal Estate: ResidentialNon-Real Estate: CaliforniaTotal Capital Required: $11,000,000Equity Required: $5,000,000Debt Required: $6,000,000Project Control: We own all the key propertyTimeline: Less than 30 daysAddress: 44TH Ave Indio California 94533 United StatesFile:
The site is rectangular in shape with ±836' of frontage along Avenue 44 with a depth of ±286' . The topography of the site is flat and all of the utilities are to the site. The neighborhood surrounding the subject property is primarily single family residential in nature with a few small retail strip centers and several schools (there are three elementary schools located within blocks of the subject property).
All 60 units in this development are designed to be 2 bedroom - 2 bath units of 1,050 square feet. Each unit will also have an attached 2-car garage along with either a private patio or balcony.