Homes for sale - 84066 Olona CT, Indio, CA 92203

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Kyle Andrade

kyle@andradeestates.com +1(951) 240-8338

$ 814,000

Est. payment -/mo

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Price Dropped by $5K

84066 Olona CT Indio, CA 92203

5,227 Sqft Lot

UPDATED:

11/11/2024 01:41 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Terra Lago (30924)

MLS Listing ID OC24204206

Condo Fees $300

Construction Status Turnkey

HOA Fees $300/mo

HOA Y/N No

Year Built 2007

Lot Size 5,227 Sqft

Property Description

Discover this stunning 4-bedroom, 2.5-bathroom short-term rental (STR) in the heart of Indio, California. Offering a prime location near popular attractions and ample potential for investors, this fully furnished and turnkey property is poised for high returns. With a spacious 2,338sq. ft. layout, the home boasts an open concept design, modern finishes, and a tranquil outdoor oasis perfect for relaxation. The beautiful interior features a bright, open living area with vibrant accents, wood-style vinyl flooring, and designer lighting. A cozy fireplace creates a welcoming atmosphere in the living room, while the gourmet kitchen is equipped with stainless steel appliances, sleek cabinetry, and polished countertops. The generously sized bedrooms include a luxurious primary suite with a walk-in closet and ensuite bath complete with a soaking tub. Glass sliders lead to the expansive backyard, where you'll find a covered patio, multiple seating areas, and a heated salt-water pool and spa. Financially, this property offers strong returns with a projected gross revenue exceeding $125,000 annually, a self-managed cap rate of 11.5%, and a professionally managed cap rate of 9.8%. With all furniture, appliances, and operational items included in the sale, this home is a true turnkey investment. Whether you're seeking a high-performing investment property or a serene personal retreat, this Indio STR presents an unmatched opportunity. Don't miss your chance—schedule a showing today and make this income-generating property yours!

Location

State CA

County Riverside

Area 309 - Indio North Of East Valley

Interior

Interior Features Ceiling Fan(s), Furnished, Pantry

Heating Central

Cooling Central Air

Flooring Carpet, Vinyl

Fireplaces Type Gas, Living Room

Inclusions All Furniture, Furnishings, Appliances, TV's, Electonics & everything else used to operate the STR

Fireplace Yes

Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Dryer, Washer

Laundry Laundry Room

Exterior

Garage Driveway, Garage Faces Front, Garage

Garage Spaces 2.0

Garage Description 2.0

Fence Block

Pool In Ground, Pebble, Private

Community Features Lake, Street Lights, Sidewalks, Gated

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Amenities Available Clubhouse, Fitness Center, Playground, Recreation Room, Sauna

View Y/N Yes

View Mountain(s)

Parking Type Driveway, Garage Faces Front, Garage

Total Parking Spaces 2

Private Pool Yes

Building

Lot Description Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

HOA Name Terra Lago

Senior Community No

Tax ID 696020062

Security Features Gated Community,24 Hour Security

Energy Description 240.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Lease Land No

Listed by Keith Powers • Alta Realty Group CA, Inc • 714-402-1357

Kyle Andrade

Realtor | Listing Specialist | 02136739 | License ID: 02136739

+1(951) 240-8338

Kyle Andrade

84066 Olona CT Indio, CA 92203

Key Details

Location

Interior

Exterior

Building

Others

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84066 Olona CT