Palm Springs, CA 92264,500 S Farrell DR #O93
$400,000
Est. payment /mo
$419,000
4.5%
Est.Price: ?

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1,175 SqFt
SOLD DATE : 05/08/2023

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 IV23036070

Sold Date 05/08/23

HOA Fees $450/mo

HOA Y/N Yes

Year Built 1984

Lot Size 1,306 Sqft

Acres 0.03

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

Area 334 - South End Palm Springs

Zoning RGA

Rooms

Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside

Interior

Interior Features Balcony, Furnished, Open Floorplan, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Primary Suite, Walk-In Closet(s)

Laundry Location Washer Hookup,Gas Dryer Hookup,Inside

Heating Central

Cooling Central Air

Flooring Tile, Vinyl

Fireplace No

Appliance Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Controlled Entrance, Covered, Paved

Carport Spaces 3

Pool Association

Community Features Biking, Foothills, Golf, Hiking, Lake, Park, Sidewalks

Utilities Available 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

Amenities Available Golf Course, Meeting/Banquet/Party Room, Outdoor Cooking Area, Pool, Recreation Room, Spa/Hot Tub

View Y/N Yes

View Mountain(s)

Accessibility No Stairs

Parking Type Controlled Entrance, Covered, Paved

Total Parking Spaces 3

Private Pool No

Building

Story 2

Entry Level One,Two

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories One, Two

New Construction No

Others

HOA Name Mesquite Country Club

Senior Community No

Tax ID 502581093

Acceptable Financing Cash, Cash to New Loan, Contract, 1031 Exchange, Submit

Listing Terms Cash, Cash to New Loan, Contract, 1031 Exchange, Submit

Financing Cash

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by JOSEPH HUELSKAMP • EXP REALTY OF CALIFORNIA INC • 714-585-5554
Bought with David Whitworth • Compass

GET MORE INFORMATION

Todd McIntosh

+1(310) 770-8626

Agent | License ID: 01472763

Agent License ID: 01472763

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