Palm Springs, CA 92264,500 S Farrell DR
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Palm Springs, CA 92264,500 S Farrell DR
Palm Springs, CA 92264,500 S Farrell DR
Palm Springs, CA 92264,500 S Farrell DR
Palm Springs, CA 92264,500 S Farrell DR
Listed by JOSEPH HUELSKAMP • EXP REALTY OF CALIFORNIA INC
Bought with David Whitworth

$400,000

Est. payment /mo

$419,000

4.5%
Est.Price: ?

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500 S Farrell DR Palm Springs, CA 92264

1,307 Sqft Lot

SOLD DATE : 05/08/2023

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

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The Walker Team

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