84066 Olona CT Active Save Request In-Person Tour Request Virtual Tour
Indio,CA 92203
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
Parking Features 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)
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