500 S Farrell Drive, Palm Springs, CA 92264

  • $419,000
  • $425,000
500 S Farrell Drive, Palm Springs, CA 92264
  • Condominium, Residential Income
  • Property Type
  • 1175
  • Sqft
  • 1984
  • Year Built
Closed
500 S Farrell Drive, Palm Springs, CA 92264
500 S Farrell Drive, Palm Springs, CA 92264
  • $419,000
  • $425,000

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.

  • Address 500 S Farrell Drive
  • City Palm Springs
  • State/county CA
  • Zip/Postal Code 92264
  • Country US

Details

Updated on May 8, 2023 at 6:35 pm
  • Property ID: IV23036070
  • Price: $419,000
  • Property Size: 1175 Sqft
  • Land Area: 0.03 Acres
  • Garage Size: x x
  • Year Built: 1984
  • Property Type: Condominium, Residential Income
  • Property Status: Closed

Additional details

  • Listing Terms: Cash,Cash to New Loan,Contract,1031 Exchange,Submit
  • Association Fee: 450.0
  • Utilities: Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
  • Sewer: Public Sewer,Sewer Tap Paid
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile,Vinyl
  • County: Riverside
  • Property Type: Residential Income
  • Pool: Association
  • Parking: Controlled Entrance,Covered,Paved
  • Community Features: Biking,Foothills,Golf,Hiking,Lake,Park,Sidewalks

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