Palm Springs, CA 92264,500 S Farrell DR #O93
Palm Springs, CA 92264,500 S Farrell DR #O93
Palm Springs, CA 92264,500 S Farrell DR #O93
34
$400,000
Est.Price: ?

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1,306 Sqft Lot

500 S Farrell DR #O93 Palm Springs, CA 92264

Est. payment /mo
SOLD DATE : 05/08/2023

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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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California Regional MLS (CRMLS)
Listed by JOSEPH HUELSKAMP • EXP REALTY OF CALIFORNIA INC • 714-585-5554
Bought with David Whitworth • Compass

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