2230 E AVENUE Q4, PALMDALE, CA 93550

  • 3 beds
  • 2.00 baths
  • 1,311 sqft
  • Lot Size: 1,443 sqft
  • Built in 1987
  • MLS #SR18257334
For Sale $180,081

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.

FACTS / FEATURES

  • Residential, Townhouse
  • Built in 1987
  • Lot Size: 1,443 sqft
  • View: See Remarks
  • Cooling: Central
  • Heating: Central Furnace
  • Parking: 2 spaces total

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Listing Provided by Daryt Frank, Coldwell Banker Greater Valley
Based on information from California Regional Multiple Listing Service, Inc. as of July 20, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.