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500 Farrell Drive #o93
Palm Springs, CA 92264
Sold
500 Farrell Drive #o93
Palm Springs, CA 92264
Sold
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.
PROPERTY INFORMATION
| MLS # | IV23036070 | Lot Size | 1,307 Sq. Ft. |
| HOA Fees | $450/Monthly | Property Type | Condominium |
| Price | $ 419,000
Price Per SqFt: $ 357 |
DOM | 666 Days |
| Address | 500 Farrell Drive #o93 | Type | Residential Income |
| City | Palm Springs | Sq.Ft. | 1,175 Sq. Ft. |
| Postal Code | 92264 | Garage | N/A |
| County | Riverside | Year Built | 1984 |
| Bed / Bath | 2 / 0 | Parking | 3 |
| Built In | 1984 | Status | Closed |
| Sold Date | 2023-05-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Gas Dryer Hookup, Inside, Washer Hookup, Washer Included |
| Has Appliances | Yes |
| Kitchen Appliances | Electric Oven, Electric Range, Electric Cooktop, Disposal, Microwave, Refrigerator |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Tile, Vinyl |
| InteriorFeatures Information | Furnished, Living Room Balcony, Open Floorplan |
| Has Spa | Yes |
| SpaDescription | Association |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | Association |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $447
- Home Insurance:$119
- HOA Fees:$450
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/08/2023 | Sold | $400,000 |
| 04/15/2023 | Pending | $419,000 |
| 03/03/2023 | Listed | $425,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of JOSEPH HUELSKAMP, EXP REALTY OF CALIFORNIA INC. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
