Palm Springs, CA 92264,500 S Farrell Drive
Palm Springs, CA 92264,500 S Farrell Drive
Palm Springs, CA 92264,500 S Farrell Drive
$400,000
Est. payment /mo
$419,000
4.5%
Est.Price: ?

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2 Beds
2 Baths
1,307 Sqft Lot
SOLD DATE : 05/08/2023

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID IV23036070

Sold Date 05/08/23

Bedrooms 2

HOA Fees $450/mo

HOA Y/N Yes

Lot Size 1,307 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.
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 Riv Cty-Palm Springs (92264)

Zoning Assessor

Interior

Cooling Central Forced Air

Building

Lot Description Sidewalks

Story 2

Lot Size Range 1-3999 SF

Sewer Sewer Connected

Level or Stories 1 Story

Others

HOA Name Mesquite Country Club

Monthly Total Fees $471

Acceptable Financing Cash, Exchange, Land Contract

Space Rent $3,500

Listing Terms Cash, Exchange, Land Contract

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by JOSEPH HUELSKAMP • EXP REALTY OF CALIFORNIA INC
Bought with NON LISTED AGENT • San Diego

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agent

Mary Ellen Haywood

+1(619) 994-5515

Broker Associate | CA DRE#01264878

Broker Associate CA DRE#01264878

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