500 S Farrell Drive

Palm Springs, CA 92264

About this property

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.

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$419,000 Pending
0 SQFT

Presented By Centermac Realty

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EXP REALTY OF CALIFORNIA INC
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Area Information

| Riverside County |

$ 419,000
This listing is play_arrow 18.0% higher than the average in the area
$ 355,000 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
450 days on site
This listing is play_arrow 837.5% above the average in the area
48 days on site in the area

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Listed By JOSEPH HUELSKAMP
Brokerage: EXP REALTY OF CALIFORNIA INC

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