766 E Spencer Dr, Palm Springs, CA 92262

Rare opportunity to purchase a high income producing 5 bedroom 3 bathroom Mid-Century Modern Alexander - Completely Furnished and turn key ready to start leasing! The 5 bedrooms allows for up to 14 guests (Palm Springs Vacation Rental Rules) which greatly increases income potential! Current average and projections at $200,000 per year! 6.6 GRM and 10.14 Cap rate! This legendary design has been tastefully updated with a new pebble finish pool, pool equipment, fencing, landscaping, flooring and completely repainted. The commanding double entry door leads to the expansive open concept kitchen, living room, multiple dining areas plus a separate wet bar & fireplace. An entertainment dream! Large double sliding doors lead to the outdoor dining area, pool, fire pit, BBQ, and hot tub seamlessly connecting the indoor and outdoor spaces with the mesmerizing views of the snow-capped San Jacinto mountains. An oversized garage is ready to accommodate multiple vehicles and storage needs, and a large, gated side yard provides ample space for additional parking, an RV, or outdoor games. Located about a mile from renowned dining, shopping, and the good vibes of Downtown Palm Springs! Previously a very successful vacation rental with over 200k per year in gross income with several notable guests and renown companies leasing the property. The home comes completely furnished - ready to start leasing! No HOA! No land Lease! Junior Vacation Rental Permits Allowed! Massive solar array leased for $279/Month results in very low electric bill!