2230 E Avenue Q4

Palmdale, CA93550


3 Bedrooms | 2 baths | 1443.00 sqft | MLS# SR18257334

Tract: PLM - Palmdale



Pending $180,081

contact: Omega Group: 310.429.8191

Description

Investor's Delight! If you've been looking to start your Real Estate Empire, Start Here! Fantastic upside on this unit with established tenant. Current tenant has been here for 5 years, and really wants to stay. At this price, with 20% down, taking into account taxes, HOA fee and insurance, and the current rental amount of $1650, you should clear a couple hundred a month easy, while the rental payments and the improving market just improve your equity position. This unit is at a bargain price, a recent comparable unit in the complex just sold for $160.81 a square foot, we are only asking $137.36 for ours! Why, you ask? Well, if the purchaser wanted to live here, they'd probably want to spend some money to get it looking nice, and that is taken into account with this low, low price. The unit regularly passes HUD Section 8 inspection, so it really just boils down to cosmetic work that the unit needs. So why live in it when you can just keep the current tenant and rent it at a profit and build up a nest egg to make the improvements you want to in the future? This property can ONLY be shown upon submission of a pre-accepted offer, and Tenant is not to be disturbed for ANY reason.