Residential Income Details
UNIQUE INVESTMENT OPPORTUNITY!! Great Opportunity for a cash or 1031 exchange investor to get a stable return on their investment. This property has a tenant has a business that has been occupying the property since 2004 and currently has 52 months left of an 80 month lease with a lease rate of $5,250/month close to $2,000 over the market. Leasee would only be responsible for the major repairs. So, no repairs needed or cash infused into the property. Current tenant would consider a long-term lease extension with a rate increase at the end of the 80-month lease.
|Number of Units||1|
|Listing Brokerage||New Concept Properties|
|Listing Agent||Tonya Campo|
|Listing Agent BRE #||00634020|
|Fireplace||Bath,Den,Family Room,Kitchen,Living Room,Master Bedroom,Master Retreat|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, September 11, 2018.
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