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.
MLS #
CRIV23036070
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50
Appliances
Garbage Disposal, Microwave, Other, Oven - Electric, Oven Range - Electric, Refrigerator, Dryer, Washer
Cooling
Central Forced Air
Heating
Central Forced Air
Pool
Community Facility, Spa - Community Facility
Garage/Parking
Covered Parking, Gate/Door Opener, Other, Garage: 0 Car(s)
HOA Fee
$450
Complex Amenities
Barbecue Area, Community Pool, Game Room, Golf Course, Other
500 S Farrell Dr is a Residential Income in Palm Springs, CA 92264. This – square foot property sits on a 1,307 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $400,000 and was built in 1984.
This address can also be written as 500 S Farrell Dr, Palm Springs, CA 92264.©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 08, 2023. For the most current information, please contact JOSEPH HUELSKAMP, (714) 585-5554