$400,000
$419,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
500 S Farrell DR #O93 Palm Springs, CA 92264
2 Beds
2 Baths
1,175 SqFt
Key Details
Sold Price $400,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,175 sqft
Price per Sqft $340
Subdivision Mesquite Country Club (33465)
MLS Listing ID IV23036334
Sold Date 05/08/23
Bedrooms 2
Full Baths 2
Condo Fees $450
HOA Fees $450/mo
HOA Y/N Yes
Year Built 1984
Lot Size 1,306 Sqft
Property Description
Remodeled Ground Floor 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. Minutes to downtown and the airport. 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. Buy this unit and earn immediate income.
Location
State CA
County Riverside
Area 334 - South End Palm Springs
Zoning RGA
Rooms
Main Level Bedrooms 2
Interior
Interior Features Balcony, Separate/Formal Dining Room, Furnished, Laminate Counters, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Primary Suite
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Inside
Exterior
Garage Assigned
Carport Spaces 1
Fence See Remarks
Pool Association
Community Features Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Park
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Amenities Available Golf Course, Meeting/Banquet/Party Room, Outdoor Cooking Area, Picnic Area, Pickleball, Pool, Spa/Hot Tub, Tennis Court(s), Trash, Water
View Y/N Yes
View Hills, Mountain(s)
Roof Type See Remarks
Accessibility No Stairs
Porch Rear Porch, Concrete
Parking Type Assigned
Total Parking Spaces 1
Private Pool No
Building
Lot Description Near Park
Story 2
Entry Level One,Two
Sewer Public Sewer, Sewer Tap Paid
Water Public
Architectural Style Custom
Level or Stories One, Two
New Construction No
Schools
Elementary Schools Cahuilla
Middle Schools Raymond Cree
High Schools Palm Springs
School District Palm Springs Unified
Others
HOA Name Mesquite Country Club
HOA Fee Include Pest Control,Sewer
Senior Community No
Tax ID 502581093
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Financing Cash
Special Listing Condition Standard
Lease Land No
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Bought with David Whitworth • Compass