39905 Bird LN new Save Request In-Person Tour Request Virtual Tour
Rancho Mirage,CA 92270
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $175
Subdivision Thunderbird Terrace
MLS Listing ID 219135026
Year Built 1963
Lot Size 0.390 Acres
Property Sub-Type Apartment
Property Description
Introducing Thunderbird Terrace Apartments, a rare investment opportunity in Rancho Mirage. Located at the prestigious southwest corner of Thunder Road and Bird Lane, this 15-unit complex offers tremendous upside potential in an A+ location. The property consists of 14 spacious two-bedroom, two-bath units of approximately 1,200 square feet each, along with one three-bedroom, two-bath manager's unit of approximately 2,400 square feet. Spread across two well-built two-story frame and stucco buildings, the apartments feature exterior entrances over ground-level parking garages and a central courtyard area that enhances community living. Additional amenities include an on-site pool, landscaped common areas, and garage parking for all units, with some offering private single-car garages. Originally constructed in 1967, the complex is currently vacant and offered at a lower list price to reflect the required repairs needed. This is an as-is sale and only serious buyers prepared to complete the necessary updates and renovations should inquire. Once remodeled and repositioned, the units have the potential to achieve maximum rental value in Rancho Mirage's highly desirable market. Thunderbird Terrace Apartments presents investors with a unique chance to acquire a multifamily asset with significant value-add potential in one of the Coachella Valley's most sought-after locations.
Location
State CA
County Riverside
Area 321 - Rancho Mirage
Interior
Heating Zoned,Other
Cooling Zoned,Other
Exterior
Garage Spaces 1.0
Pool Community,Safety Gate,In Ground
View Y/N true
View City Lights,Desert,Mountain(s),Panoramic,Peek-A-Boo,Pool
Building
Lot Description Premium Lot,Landscaped,Corner Lot
Story 2
Sewer Septic Tank
Others
Acceptable Financing Cash,Cash to New Loan,Conventional
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard