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500 S Farrell DR #O93 Palm Springs, CA 92264
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Key Details
Sold Price $400,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Subdivision Mesquite Country Club (33465)
MLS Listing ID IV23036070
Condo Fees $450
HOA Fees $450/mo
Year Built 1984
Lot Size 1,306 Sqft
Property Description
Remodeled Condo in Beautiful Palm Springs, CA! The condo is nearly completely remodeled from top to bottom with new paint, floors, appliances, kitchen, bathroom fixtures, and comes fully furnished (with right offer). 2 Spacious Bedrooms, 2 Bathrooms, private Laundry and Low HOA! The Association dues include building maintenance, community maintenance, 4 association pools, Tennis, water, Internet, Cable TV, trash, and much more. You are located in an area of Palm Springs that is close to everything. This unit is almost 100% occupied during the year generating nearly $4,000 a month income. Pro Rata at $150 a night would easily increase profits to $52,000 annual gross income. The numbers speak for themselves. This would be perfect for an AirBnB portfolio investor, Split-Year owner-user, or simply a perfect retirement home. Expand your rental exposure to include VRBO, Orbitz, Self Sustaining Website, and More! Don't forget this is NOT LEASED LAND! You own it. Perfect if you need a 1031 exchange into this income producing unit. ASK listing agent for financials.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning RGA
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Controlled Entrance, Covered, Paved
Pool Association
Community Features Biking, Foothills, Golf, Hiking, Lake, Park, Sidewalks
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Amenities Available Golf Course, Meeting/Banquet/Party Room, Outdoor Cooking Area, Pool, Recreation Room, Spa/Hot Tub
View Y/N Yes
View Mountain(s)
Building
Story 2
Sewer Public Sewer, Sewer Tap Paid
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Contract, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Contract, 1031 Exchange, Submit
Special Listing Condition Trust
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Bought with David Whitworth • Compass