Monday, April 18, 2011

For Sale - Phillips Ranch Condo, An Investor Special - $204,000

Fantastic Phillips Meadows condo with 3rd Bedroom Loft. This is an Investor Special which means owner prefers to sell with existing tenant in place. Property rents for $1725 per month with almost a year still on current tenants lease. With current tenant to remain in place, new owner will not have to incure initial leasing vacancies and expenses. Tenants have good documentable payment history.

Great Schools, Quiet Streets, Nearby Parks, New Shopping Center, Good Freeway Access, and an overall Fantastic Neighborhood make this a wonderful location to call home! 2 Full Bedrooms, one of which is a Master Suite, plus a loft (with 1/2 bath and closet) that functions as a 3rd Bedroom and brings more rental income! Vaulted Celings, Balcony, Garage Parking, Inside Laundry, Association Pool/Spa. This is NOT a short sale, just a motivated owner who wants it sold and has equity. All offers will be promptly responded to, and all reasonable offers will be considered.

 This property is a little more difficult to show than normal because tenant should not be disturbed. We can make showing appointments but only with buyers prequalified by a reputable lending institution.

2 Bed + Loft
2.5 Baths
Garage Parking
Private Laundry
Open Feel
Great rental area
HOA dues $250/month

Investors will need minimum 25% down

Homeowners 3-5% down

Asking $204,000


Anonymous said...

Does the current tenant stay with the property?

What utilities are covered?

Jon09 said...

What is the address??

FOUST Team Real Estate Services said...

Yes tenant can definitely stay with the property and still has about a year on the lease which will override any exchange in ownership

Water and trash are included

Sorry Jon, I can't give out the address on the net as tenant is not to be bothered. Feel free to email me and I can get you what you need.

luckystar197 said...

Is there rent control in this community. Thanks in advance Todd

terry said...

nice listing buddy
wish I could do it now

Anonymous said...

Is the current rent normal for the area? Any room for increases after the tenant leaves

FOUST Team Real Estate Services said...

No rent control and the rent is currently right about at market value. I'd probably keep the same tenant if it were me.

Thanks for the feedback guys

Real estate orange county said...

Thanks for telling me abut it.

FOUST Team Real Estate Services said...

Your welcome

lisa said...

WOW I love the design of the house and the pool woah! I want to swim. My dream house has a swimming pool. Wish I could afford the price! Love it, it makes you feel calm and when you feel boring, just only swim in that relaxing water.

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condo in Philippines said...

Oh' this "For Sale - Phillips Ranch Condo, An Investor Special - $204,000" was really cool! I just wonder if the price is still negotiable. Thanks for sharing.


FOUST Team Real Estate Services said...

yes this is still for sale
feel free to message me for more info

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