Skip to main content

500 Farrell DR #O93

PALM SPRINGS, CA, 92264
Mesquite Country Club 👈🏼 community info

$400,000

Sold On 2023-05-08

Overview


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.
MLS #
IV23036070MR
Listed on
2023-03-03
Status
Sold
Price
$419,000
Type
Residential Income
Size of home
1175
Beds / Baths
2 / 2.00
Size of lot
1307
Location address
500 Farrell DR #O93
PALM SPRINGS 92264

Video


General Information


Original List Price
$425,000
Price Per Sq/Ft
$340
Furnished
No
Land Type
Fee
Land Lease Expires
N/A
Association Amenities
Banquet, Outdoor Cooking Area, pool
Community Features
Biking, Foothills, Golf, Hiking, Lake, Park, Sidewalks
Pool
Yes
Pool Description
Association Pool
Spa
Yes
Year Built
1984
Appliances
Microwave, Oven-Electric, Range
Laundry
Dryer, Dryer Included, Gas Dryer Hookup, Inside, Washer, Washer Hookup, Washer Included
Fireplace
No
Heating Type
Central
Cooling Type
Central
Parking Spaces
3
Parking Type
Controlled Entrance
Disability Access
No Interior Steps

Courtesy of: JOSEPH HUELSKAMP / EXP REALTY OF CALIFORNIA INC

Other homes in Mesquite Country Club


$389,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.

$365,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.

$385,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.

$449,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.

$359,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.

$470,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.

$389,000

  • 2 Beds
  • 2.00 Baths
  • 1175 sq ft.