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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
Square Footage 1,175 sqft
Price per Sqft $340
Subdivision Mesquite Country Club (33465)
MLS Listing ID IV23036334
Bedrooms 2
Full Baths 2
Condo Fees $450
HOA Fees $450/mo
Year Built 1984
Lot Size 1,306 Sqft
Property Description
Remodeled Ground Floor 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. Minutes to downtown and the airport. 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. Buy this unit and earn immediate income.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning RGA
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Electric Dryer Hookup,Inside
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplaces Type None
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Garage Assigned
Fence See Remarks
Pool Association
Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Park
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Amenities Available Golf Course, Meeting/Banquet/Party Room, Outdoor Cooking Area, Picnic Area, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s), Trash, Water
View Y/N Yes
View Hills, Mountain(s)
Roof Type See Remarks
Building
Lot Description Near Park
Story 2
Sewer Public Sewer, Sewer Tap Paid
Water Public
New Construction No
Schools
Elementary Schools Cahuilla
Middle Schools Raymond Cree
High Schools Palm Springs
School District Palm Springs Unified
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Bought with David Whitworth • Compass
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