500 S Farrell Drive O93, Palm Springs, CA 92264
Condo · 3 recorded sales since 2019
Sold May 2023
Listing Agent: JOSEPH HUELSKAMP (DRE #01331563) · Listing Office: EXP REALTY OF CALIFORNIA INC · Contact: 714-585-5554 · Bought with: David Whitworth · Compass · MLS #IV23036334 · Source: CRMLS
About this condo
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.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history
