Bought with David Whitworth
$400,000
$419,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
500 S Farrell DR O93 Palm Springs, CA 92264
2 Beds
2 Baths
1,175 SqFt
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
MLS Listing ID CRIV23036334
Style Custom
Bedrooms 2
Full Baths 2
HOA Fees $450/mo
Year Built 1984
Lot Size 1,307 Sqft
Property Sub-Type Condominium
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
Dining Room Formal Dining Room
Kitchen Dishwasher, Garbage Disposal, Microwave, Other, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Fireplaces Type None
Laundry 30, Other, Washer, Dryer, 9
Exterior
Parking Features Assigned Spaces
Fence Other
Pool Community Facility, Spa - Community Facility
Utilities Available Electricity - On Site, Telephone - Not On Site
View Hills
Roof Type Other
Building
Story One Story
Sewer Sewer Available
Water District - Public
Others
Special Listing Condition Not Applicable
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