This fully leased, ten unit property features spacious three bedroom, two bath residences averaging approximately 1,230 square feet each equipped with in unit laundry, private patios, and covered carport parking. Residents enjoy a premier amenity package, including a resort style pool and tennis court, all on a well maintained 0.8 acre site.Strategically located just off the Rancho Mirage border, the property delivers central access to Palm Springs and Palm Desert, in a submarket characterized by increasing rents and enduring demand. Operations are optimized through separately metered utilities, tenant paid water and trash, and solar paned common areas, resulting in stable net operating income and low management intensity. Current collections reach an annualized $250,512 in rent and $254,512 effective gross income, supporting a strong in place cap rate of 6% at the offering price of $2,949,000.Further value lies in the potential conversion of the existing rear ADU into an income generating unit and the possibility for redevelopment of the tennis court area, pending buyer verification. This asset represents a rare blend of immediate yield and development upside an attractive proposition for institutional and private investors seeking both stable returns and long range growth in one of Southern California's most resilient rental markets.