43835 Mezzelune Way, Indio, CA 92203, USA
43835 Mezzelune Way, Indio, CA 92203, USABasics
- Date added: Added 1 month ago
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Bedrooms: 2
- Bathrooms: 2
- Area: 1886 sq ft
- Lot size: 7174 sq ft
- Year built: 2021
- Subdivision Name: Four Seasons at Terra Lago
- Lot Size Acres: 0 acres
- County: Riverside
- Land Type: Fee
- MLS ID: 219135337
Description
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Description:
PRICED TO SELL!FULLY MANAGED 55+ RENTAL WITH LONG TERM TENANT IN PLACE AND PAID SOLAR! signed specifically for the hands-off investor, this new, tenant-occupied asset is now available at a reduced price of $429,000, offering immediate cash flow. The 6.48% CAP RATE is calculated after all operating expenses, including the full professional property management fee, are deducted. With this property, you're investing in a steady and predictable income stream rather than a job. Key highlights include: ✅ Fully Managed—enjoy zero operational hassle or landlord risk. ✅ Solar-Owned—an entirely owned solar system provides a strong operational hedge, enhancing NOI stability. ✅ NOI (Net Annual Profit)—a healthy $27,794. ✅ Low Risk—built in 2020, located in the highly desirable 55+ community of FOUR SEASONS AT TERRA LAGO, with a long-term tenant already in place. Price Enhancement! Attention! Don't miss this excellent chance to own in the highly desirable, secure guard-gated 55+ community, FOUR SEASONS at TERRA LAGO. Whether you're a passive investor or an active senior, this home presents a great opportunity. It features newer construction, is currently tenant-occupied, and is competitively priced at $429,000, offering immediate cash flow. The property demonstrates a robust 6.48 CAP RATE net of all operating expenses, including full professional property management fees, ensuring a reliable and steady income stream.
KEY FEATURES:
- Fully Managed: Eliminates operational hassle and landlord risks.
- Solar-Owned: A fully owned solar system provides a significant operational hedge, stabilizing NOI.
- NOI (Net Operating Income): An impressive $27,794.
- Low Risk: Built in 2020 in a highly sought-after 55+ community, with a long-term tenant already in place.Amenities include:
Indoor Lap Pool, Leisure Pool, Tennis Courts, (4) PickleBall Courts, Basketball (half-court), Bocce Ball (7 courts), Billiards, Event Ballroom, Fitness Center, Card Room, Catering Kitchen.Additionally, there are two onsite championship golf courses, totaling 36 holes.
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Location
- View: Mountain(s), Peek-A-Boo
Building Details
- Cooling features: Central Air
- Building Area Total: 1886 sq ft
- Garage spaces: 2
- Construction Materials: Block, Stucco
- Sewer: In Street Paid
- Heating: Central
- Roof: Tile
- Foundation Details: Slab
- Levels: One
- Carport Spaces: 0
Amenities & Features
- Laundry Features: Electric Dryer Hookup, Individual Room
- Flooring: Carpet, Tile
- Utilities: Cable TV, Water Connected, Sewer Connected, Phone Connected, Natural Gas Connected, Electricity Connected
- Association Amenities: Tennis Courts, Banquet Facilities, Barbecue, Biking Trails, Billiard Room, Bocce Ball Court, Clubhouse, Controlled Access, Fire Pit, Fitness Center, Golf Course, Greenbelt/Park, Guest Parking, Hiking Trails, Lake or Pond, Maintenance Grounds, Meeting Room, Other Courts, Management, Picnic Area, Playground, Pet Rules, Recreation Room, Sport Court
- Fencing: Block, Brick, Privacy
- Parking Features: Direct Entrance, Driveway, Garage Door Opener, Total Covered Spaces
- WaterSource: Storage Tank(s), Well
- Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Exhaust Fan, Freezer, Gas Cooktop, Gas Oven, Gas Range, Ice Maker, Microwave Oven, Refrigerator, Self Cleaning Oven, Washer, Water Filter, Water Line to Refrigerator
- Interior Features: Master Retreat, Walk In Closet, Quartz Counters, Open Floorplan, Recessed Lighting, Storage
- Lot Features: Back Yard, Landscaped, Private
- Window Features: Blinds, Double Pane Windows, Drapes, Screens
- Patio And Porch Features: Brick - Tile, Enclosed, Rock - Stone
- Exterior Features: Solar System Owned
- Senior Community: 1
- Community Features: Street Lighting, Sidewalks, Dog Park, Curbs, Community Mailbox, Pickle Ball Courts
Fees & Taxes
- Association Fee Frequency: Monthly
- Association Fee Includes: Building & Grounds, Cable TV, Clubhouse, Maintenance Paid, Security, Sewer, Trash, Utilities
- Association Fees: $300
Miscellaneous
- Road Surface Type: Asphalt, Paved
- CrossStreet: GOLF CENTER PKWY & TERRA LAGO PKWY
- Listing Terms: 1031 Exchange, Cash, Cash to New Loan, Conventional
- Special Listing Conditions: Standard
Courtesy of
- List Office Name: Utopia Management Inc
