Indio’s Premier Property: Ideal for Primary Residence or Turnkey STR! This 5-bed, 2-bath pool home in Madison Ranch offers a move-in-ready haven or lucrative short-term rental. Near Coachella and Stagecoach, it suits both homeowners and investors. Step into an inviting, open floor plan with wood vinyl flooring and a cozy fireplace in the spacious living area. The kitchen, connected to dining and living areas, boasts Corian countertops, stainless steel appliances, and a walk-in pantry for delightful meals. The master bedroom includes a walk-in closet and a lavish bath and walk-in shower; a personal oasis. Outside, a heated salt-water pool and spa create a perfect retreat. The property features a 2-car garage with plenty of storage for personal items or supplies required to operate a short-term rental. There is even a ping-pong table for guests to enjoy. With tile roofing, central heating & air, a complete solar power system (leased at $131 per month), and a fenced backyard, this property has all the conveniences you need. Fully furnished, this property promises comfort and luxury, whether for your primary residence or as a turnkey short-term rental opportunity. As a short-term rental, it’s projected to yield over $123,000 in revenue with a 11.3% self-managed cap rate and 8.5% cap rate, if professionally managed. Don’t miss out on owning this fully furnished oasis in a prime location!
Property Details
Price:
$799,000
MLS #:
OC23204370
Status:
Closed ((May 1, 2024))
Beds:
5
Baths:
2
Address:
80733 Mountain Mesa Drive
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Madison Ranch 31445
City:
Indio
Listed Date:
Nov 3, 2023
State:
CA
Finished Sq Ft:
2,502
ZIP:
92201
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
2003
Schools
Interior
Appliances
Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Cooling
Central Air
Fireplace Features
Living Room
Flooring
Tile, Vinyl
Heating
Central
Interior Features
Furnished
Window Features
Blinds, Drapes, Shutters
Exterior
Community Features
Sidewalks
Fencing
Block
Foundation Details
Slab
Garage Spaces
2.00
Lot Features
Cul- De- Sac, Sprinkler System
Parking Features
Driveway, Concrete
Pool Features
Private, Gunite, Electric Heat, Salt Water
Roof
Tile
Security Features
Carbon Monoxide Detector(s), Fire and Smoke Detection System
Sewer
Public Sewer
Spa Features
Private, Gunite, Heated, In Ground
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Courtesy of Alta Realty Group CA, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Palm Springs, Coachella Valley, and High Desert. Detailed information about real estate listings held by brokerage firms other than Leaskou Partners, Inc include the name of the listing broker. Neither the listing company nor Leaskou Partners, Inc shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Palm Springs, Coachella Valley, and High Desert. All rights reserved.
80733 Mountain Mesa Drive
Indio, CA
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