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500 S Farrell DR #O93 Palm Springs, CA 92264
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Key Details
Sold Price $400,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Subdivision Mesquite Country Club (33465)
MLS Listing ID IV23036070
Sold Date 05/08/23
Condo Fees $450
HOA Fees $450/mo
HOA Y/N Yes
Year Built 1984
Lot Size 1,306 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
Zoning RGA
Interior
Interior Features Balcony, Furnished, Open Floorplan, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Primary Suite, Walk-In Closet(s)
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplace No
Appliance Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Parking Features Controlled Entrance, Covered, Paved
Carport Spaces 3
Pool Association
Community Features Biking, Foothills, Golf, Hiking, Lake, Park, Sidewalks
Utilities Available 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
Amenities Available Golf Course, Meeting/Banquet/Party Room, Outdoor Cooking Area, Pool, Recreation Room, Spa/Hot Tub
View Y/N Yes
View Mountain(s)
Accessibility No Stairs
Total Parking Spaces 3
Private Pool No
Building
Story 2
Entry Level One,Two
Sewer Public Sewer, Sewer Tap Paid
Water Public
Level or Stories One, Two
New Construction No
Others
HOA Name Mesquite Country Club
Senior Community No
Tax ID 502581093
Acceptable Financing Cash, Cash to New Loan, Contract, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, Contract, 1031 Exchange, Submit
Financing Cash
Special Listing Condition Trust
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Bought with David Whitworth • Compass