500 S Farrell Drive O93, Palm Springs, California 92264
  • $419,000
  • $425,000

Overview

Property ID: IV23036070
  • Condominium, Residential Income
  • Property Type
  • 1175 Sqft
  • Area Size
  • 1984
  • Year Built

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.

  • Address: 500 S Farrell Drive
  • City: Palm Springs
  • State/county: CA
  • Zip/Postal Code: 92264
  • Country: US

Details

Updated on May 8, 2023 at 6:35 pm
  • Property ID IV23036070
  • Price $419,000
  • Property Size 1175 Sqft
  • Land Area 0.03 Acres
  • Year Built 1984
  • Property Type Condominium, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, Contract, 1031 Exchange, Submit
  • Association Fee 450.0
  • Utilities Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sewer Public Sewer, Sewer Tap Paid
  • Cooling Central Air
  • Heating Central
  • Flooring Tile, Vinyl
  • County Riverside
  • Property Type Residential Income
  • Pool Association
  • Parking Controlled Entrance, Covered, Paved
  • Community Features Biking, Foothills, Golf, Hiking, Lake, Park, Sidewalks

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