$ 575,000
-
$575,000
Price -
2
Bed -
2
Bath -
1,310
SqFt
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Open House Times
- Sun. Feb. 01 at 11:00am to 1:00pm
About the Listing PS4750 - PS43550
130 W Racquet Club Road #511. a cosmetic fixer:Financial & Investment HighlightsValue Play: Listed at $575,000, which sits significantly below the recent comparable sales of $720k-$725k for the same floor plan.Rental Flexibility: Unlike many Palm Springs communities, this complex has no 30-day minimum rental requirement, making it a prime candidate for short-term rental income.Make sure to check with the city on permit availability.Ownership: You own the land (Fee Simple), meaning there are no land lease payments to worry about.HOA Coverage: The monthly dues include essential maintenance like water, trash, roof, exterior painting, and community landscaping.Property Features:Modern Bones: High 10ft ceilings with updated double-pane windows and a ''newish'' HVAC system and water heater reduce the immediate need for major mechanical capital expenditures.Private Amenities: This unit stands out with a private pool, west-facing backyard, and outdoor fireplace, plus three separate patios.Layout & Access: A 2-bedroom, 2-bath configuration. Uniquely, this is one of only two units with an entrance outside the main gates, offering easier access for guests.The ''Cosmetic Fixer'' Opportunity:Since the bathrooms, kitchen, and major systems are already somewhat updated or ''newish,'' the ''fixer'' aspect refers to flooring, paint, landscaping and a few HOA mandated corrections. With the spread between the asking price and recent comps, there is substantial room for equity growth or profit after a light renovation.
Listing Highlights
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces: Outside
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Separate/Formal Dining Room,High Ceilings,Multiple Primary Suites
- Water:
Exterior Details
- Lot Description: Back Yard,Corner Lot,Sprinkler System,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 3
- Roof: Foam
- Others: Repairs Cosmetic,Stucco,2+ Total Units
- Sewer:
- Parking Features: Assigned,Covered,Detached Carport,Guest,Community Structure
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 504361011
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
130 W Racquet Club Rd Unit 511 Palm Springs, CA 92262
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