$400,000
Sold On 2023-05-08
Overview
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.
MLS #
IV23036334MR
Listed on
2023-03-03
Status
Sold
Price
$419,000
Type
Residential
Size of home
1175
Beds / Baths
2 / 2.00
Size of lot
1307
Community
Location address
500 Farrell DR #O93
PALM SPRINGS 92264
PALM SPRINGS 92264
Video
General Information
School District
Palm Springs Unified
Original List Price
$425,000
Price Per Sq/Ft
$340
Furnished
No
HOA Fee
$450
Land Type
Fee
Land Lease Expires
N/A
Association Amenities
Banquet, Outdoor Cooking Area, Picnic Area, pool
Community Features
Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Park
Pool
Yes
Pool Description
Association Pool
Spa
Yes
Year Built
1984
Appliances
Microwave, Oven-Electric, Range
Laundry
Dryer, Dryer Included, Electric Dryer Hookup, Hookup - Electric, Inside, Washer, Washer Hookup, Washer Included
Fireplace
No
Heating Type
Central
Cooling Type
Central
Parking Spaces
1
Parking Type
Assigned
Disability Access
No Interior Steps
Courtesy of:
JOSEPH HUELSKAMP /
EXP REALTY OF CALIFORNIA INC
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