Great Rental or Buy and Hold! Southern California
Great Location!! 26200 Redlands Blvd, Redlands, CA 92373
Price $119,000
KEY FEATURES
Year Built: 1981 Sq Footage: 994 sqft. Bedrooms: 2 Beds Bathrooms: 2 Baths Parking: 2 Carport | Guest parking Laundry: Shared Lot Size: 3268 Square Feet HOA/Maint: $249 Property Type: Condo
DESCRIPTION: Hot Property in great, quiet, well manicured complex near upscale shopping, the Universities and Medical Centers. See interior at: http://postlets.com/s/26200-redlands-blvd-redlands-ca-92373/14035539 Condo features tile floors with carpeted bedrooms. Double windows in bedrooms. Master bedroom has large vanity and separate toilet and shower. Full wall cabinets in hallway. Living room is large and open. Ample dining area with breakfast bar. Central air/heat unit is only 2 years old and works great cooling the condo quickly while being energy efficient. New full wood balcony with large storage closet. Overall the condo is in good shape and is being sold As-Is. 2 bedroom units in this complex rent for $1100-1225. Already nice on the rise with new Medical Center being built and further development. Contact us now, very motivated to get a deal done.
PROPERTY FEATURES: Living room, Dining room, Walk-in closets Master bath, Storage space, Breakfast nook, Pantry, Range / Oven, Refrigerator, Dishwasher, Microwave, Balcony, Lawn, Heat: forced air with Central A/C, Ceiling fan, Cable-ready, High-speed internet, Tile floor
COMMUNITY FEATURES: Shared pool, Tennis court, Guest parking, Covered parking
Cap Rate Analysis:
Price - $119,000.
Rent - $13,200 @1100 per month
Property Tax Yr - $1223
Assoc. Includes insurance-$2988 @$249.00 per month
Reserves $450
Net annual income $8539.00
All cash Cap Rate 7.18%
Trulia est $133,310
Peek price for units up to $195,000. 2006-2008
Contact info: Manuel Paniagua-RE Investors Daily LLC 562-653-6403