$667,500
$725,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
8,276 Sqft Lot
SOLD DATE : 08/12/2024
Key Details
Sold Price $667,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24029614
Sold Date 08/12/24
Bedrooms 4
HOA Y/N No
Lot Size 8,276 Sqft
Property Description
Welcome to your dream short-term retreat in Indio! This fully licensed turnkey short-term rental, strategically located in a non-gated community with NO HOA's, offers a perfect blend of comfort and convenience. Featuring 4 bedrooms and 3 baths, this home is fully furnished with high-quality dcor and includes stainless steel appliances, a washer/dryer, pool table, and a double-sided stone fireplace - creating an entertainer's delight. Step into the backyard oasis with a sparkling pebble tec pool and spa equipped with Pentair Pool Automation, a covered gazebo for al fresco dining, and a gated RV parking space for your convenience. Ideal for families or savvy investors, this charming home is situated in a tranquil Indio neighborhood and strategically positioned near major festivals. Financially, this property projects a gross revenue exceeding $121,000 with a self-managed cap rate of 11.5% and a professionally managed cap rate of 8.7%. Enjoy the quiet charm and family-friendly atmosphere of Indio while benefiting from a proven track record of substantial returns on investment. Whether you're seeking a family haven or a lucrative short-term rental venture, this turnkey gem is ready for your discerning eye. Don't miss the opportunity to own this fully licensed, turnkey short-term rental. Act fast and make this dream property yours!
Welcome to your dream short-term retreat in Indio! This fully licensed turnkey short-term rental, strategically located in a non-gated community with NO HOA's, offers a perfect blend of comfort and convenience. Featuring 4 bedrooms and 3 baths, this home is fully furnished with high-quality dcor and includes stainless steel appliances, a washer/dryer, pool table, and a double-sided stone fireplace - creating an entertainer's delight. Step into the backyard oasis with a sparkling pebble tec pool and spa equipped with Pentair Pool Automation, a covered gazebo for al fresco dining, and a gated RV parking space for your convenience. Ideal for families or savvy investors, this charming home is situated in a tranquil Indio neighborhood and strategically positioned near major festivals. Financially, this property projects a gross revenue exceeding $121,000 with a self-managed cap rate of 11.5% and a professionally managed cap rate of 8.7%. Enjoy the quiet charm and family-friendly atmosphere of Indio while benefiting from a proven track record of substantial returns on investment. Whether you're seeking a family haven or a lucrative short-term rental venture, this turnkey gem is ready for your discerning eye. Don't miss the opportunity to own this fully licensed, turnkey short-term rental. Act fast and make this dream property yours!
Location
State CA
County Riverside
Area Riv Cty-Indio (92201)
Zoning Public Rec
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Block
Pool Below Ground, Private
Community Features Horse Trails
Complex Features Horse Trails
Roof Type Concrete,Tile/Clay
Building
Lot Description Curbs, Sidewalks
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $97,000
Listing Terms Cash, Conventional
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Bought with Keith Powers • Alta Realty Group CA, Inc