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