Homes for sale - 43835 Mezzelune WAY, Indio, CA 92203

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Tyler Coon

tyler@savvy.realty +1(828) 620-2541

$429,000

Est. payment - /mo

2 Beds

2 Baths

1,886 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,886 sqft

Price per Sqft $227

Subdivision Four Seasons At Terra Lago

MLS Listing ID 219135337

Bedrooms 2

Full Baths 2

HOA Fees $300/mo

HOA Y/N Yes

Year Built 2021

Lot Size 7,174 Sqft

Property Sub-Type Single Family Residence

Property 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.

Location

State CA

County Riverside

Area 309 - Indio North Of I-10

Interior

Heating Central

Cooling Central Air

Furnishings Turnkey

Fireplace false

Exterior

Exterior Feature Solar System Owned

Parking Features true

Garage Spaces 2.0

Fence Block, Brick, Privacy

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

View Y/N true

View Mountain(s), Peek-A-Boo

Private Pool No

Building

Lot Description Back Yard, Landscaped, Private

Story 1

Entry Level One

Sewer In Street Paid

Level or Stories One

Others

HOA Fee Include Building & Grounds,Cable TV,Clubhouse,Maintenance Paid,Security,Sewer,Trash,Utilities

Senior Community Yes

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

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

Special Listing Condition Standard

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Listed by Utopia Management Inc

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Tyler Coon

+1(828) 620-2541

Founder & CEO | License ID: 313885

Founder & CEO License ID: 313885

43835 Mezzelune WAY Indio, CA 92203

Tyler Coon

Key Details

Location

Interior

Exterior

Building

Others

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43835 Mezzelune WAY