$419,000 $2,249 est/mo Sourced by Back At You

500 S Farrell Drive,Palm Springs, CA 92264

Palm Springs CA, 92264

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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.

Details

Listing IDIV23036070
Listing TypeFor Sale
StyleTown House
HOA Dues$450
Sub-TypeResale
StatusPending
Days On Site447
Listing Provided ByEXP REALTY OF CALIFORNIA INC | JOSEPH HUELSKAMP

Features

Story(s)2
Units1
ZoningAssessor
Acreage0.03

Market Activity 92264

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Learn More About This Property

StateCA
CountyRiverside
CityPalm Springs
Zip Code92264
Listing VS Median (in 92264)
Price:
$419,000
low | high
Med:
$352,000
65.990453460621% of Average
On Site:
447
low | high
Med:
25.000000
100% of Average
Sourced by Back At You
Listing Updated: April 15, 2023 at 10:24:36 AM PDT
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