The property is currently on a land lease which expires March 31, 2044. At that time, the property will be taken back by the land owner. This is strictly a financial play with the benefit to Buyer being the cashflow over the next 20-years! You are buying the property for the remaining 20-years lease and CASHFLOWING SIGNIFICANTLY. Market Rent is $4500/unit (Expenses are: $600 HOA and $42 lot rent/month). The property was recently remodeled (pictures of the property are current) and there is the option to buy the property furnished.
MLS #
CROC24099118
MLS Source
California Regional MLS
Days on Site
18
Buyer's Brokerage Compensation*
2.00%
Bedrooms
Ground Floor Bedroom
Kitchen
Exhaust Fan
Appliances
Dishwasher, Exhaust Fan, Garbage Disposal, Other, Oven Range
Fireplace
None
Laundry
Other
Cooling
Central Forced Air
Heating
Central Forced Air, Gas
Pool
Community Facility, In Ground
Garage/Parking
Garage: 1 Car(s)
Elementary District
Desert Sands Unified
High School District
Desert Sands Unified
HOA Fee
$580
HOA Fee Frequency
Monthly
Zoning
PR7
72773 Fleetwood Cir is a Condominium in Palm Desert, CA 92260. This 1,824 square foot property sits on a 3,920 Sq Ft Lot and features 3 bedrooms & 2 full bathrooms. It is currently priced at $299,000 and was built in 1978.
This address can also be written as 72773 Fleetwood Cir, Palm Desert, CA 92260.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 25, 2024. For the most current information, please contact William Johnson, (760) 760-4320