Palm Springs, CA 92264,500 S Farrell Drive
Palm Springs, CA 92264,500 S Farrell Drive
Palm Springs, CA 92264,500 S Farrell Drive
$400,000
Est. payment /mo
$419,000
4.5%
Est.Price: ?

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2 Beds
2 Baths
SOLD DATE : 05/08/2023

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

Subdivision Mesquite Country Club (33465)

MLS Listing ID IV23036070

Sold Date 05/08/23

Bedrooms 2

HOA Fees $450/mo

Property Sub-Type Res Income 2-4 Units

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

Zoning Assessor

Direction HWY 111 SOUTH TO RAMON RD. RIGHT ON RAMON. LEFT ON FARRELL.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

Utilities Available Sewer Connected

View Y/N No

Building

Story 2

Level or Stories 2

Others

HOA Name Mesquite Country Club

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Router / San Diego MLS
Listed by JOSEPH HUELSKAMP EXP REALTY OF CALIFORNIA INC
Bought with NON LISTED AGENT San Diego
Kobe Zimmerman

+1(858) 753-3353

kobezimmerman@bhhscal.com

Serving San Diego County, United States

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