574 W. Marsical Rd, Palm Springs, CA
Spectacular Value-Add, complete private palm springs complete renovation in Tuscany Manor Resort Development community of Palm Springs, CA. This 5 BR/ 5 BA 4,660 square foot house is just minutes away from rich communities and near schools and high-end shopping.
This property boasts a larger square footage than its comparables and has a great usable lot for fantastic outdoor living spaces.
We are working with our preferred developer, The Contracting Company, who has a high level of experience and specializes in these areas.
Picturesque windows will welcome in light and capture views from all angles. The new buyers will entertain in their custom gourmet kitchen while family and friends relax in the open layout with views to the custom pool and bridged pond landscape. Whether spending nights around the outdoor fire pit or starting the day watching the sunrise, this special retreat invites you to enjoy the outdoors year round. Spa inspired bathrooms with jetted tub and rain shower will soothe and relax at the end of the day.
The home is outdated & needs updating throughout in kitchen, living rooms, bedrooms, laundry room and baths as well as custom tile work in kitchen and baths. Electrical and plumbing upgrades were completed as needed to comply with code regulations. The large yard needs to be re-graded, pebbled, rock installed facing, sealed pond for mote island style décor and drains need to be installed for proper drainage.
Total projected timeline to complete and sell is 10-12 months
ARV: $2,200,000 – Contingent On Appraisal Results
Purchase Price: $785,000 ( Includes Solar Package )
Renovations: $425,000 + Contingency
Projected Profit: $665,638
Total JV Investment Amount: $440,000
(Minimum Investment Amount is $50,000)
Investors Share of the Profit: 50% of projected profit = $332,819!
Projected ROI is 76% in 10-12 months.
Hurry, this offering will not last long! Don’t miss out!
Here is the full breakdown: