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 Palm Springs, CA 92264
1,307 Sqft Lot
Key Details
Sold Price $400,000
Property Type Multi-Family, Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRIV23036070
HOA Fees $450
Year Built 1984
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.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Rooms
Kitchen Garbage Disposal, Microwave, Other, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, 30, Other, Washer, Dryer
Exterior
Parking Features Covered Parking, Gate / Door Opener, Other
Garage Spaces 3.0
Pool Community Facility, Spa - Community Facility
View Hills
Building
Story One Story
Sewer Sewer Available
Water District - Public
Read Less
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