$430,000
$675,000
36.3%For more information regarding the value of a property, please contact us for a free consultation.
871 Sqft Lot
SOLD DATE : 11/30/2020
Key Details
Sold Price $430,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Village Meadows (Vlmd)
MLS Listing ID EV20184369
Sold Date 11/30/20
Condo Fees $376
HOA Fees $376/mo
HOA Y/N Yes
Year Built 1972
Lot Size 871 Sqft
Property Description
Three amazing side by side condos with professional on-site property management! Each of the units is a one bedroom with one bathroom and includes assigned covered parking with storage. The association grounds are beautifully taken care of and boast of mature trees throughout. Tenants have access to two pools and an on-site coin-op laundry. One of the units is currently available — perfect for a buyer who may want to live in one of the units and rent out the other two. Extremely low HOA dues which include: water, trash, sewer, landscaping and insurance. Tenants pay all other utilities as part of their standard lease. HOA funds will cover scheduled exterior maintenance which includes roof, porch, etc. The professional onsite managment team will assist with advertising any available units, as well as prequalifying & leasing to approved tenants. Property management also assists with cleanup and repairs after tenants move out for an additional fee. Currently cap rate is at 6%, huge upside to raise rents to market rate for a 8% cap! Seller will consider selling just one or a combination of the three condos; $235,000 each unit.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Carport Spaces 1
Pool Association, Fenced
Community Features Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 93791148
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Standard
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Bought with Charles Brewer • Home Smart Realty Group
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