Fantastic opportunity tailor-made for investment with great tenants in place and generous owner financing! No need to pay the bank rates and fees. This single level 3 bedroom with central A/C sits on a large lot with some mountain views. High rents ($1900/mo), low price and low property taxes = Over 6.5% CAP. Brand new roof coming soon! Please see Private Remarks, Assoc Docs or call Listing Agent for additional information. The High Sierra community commands higher than average rents for this price range because it is conveniently located close to distribution centers and bus line, and offers a family park and great yard space. Listed .06 acres is the recorded lot size, but full lot usage expressed in the deed is .16+ acres. 40yr Amortization! With 20% down, owner will carry 40yr note at 5.25% with no points or fees. Improve the rate with more down payment. With 30% down, owner will carry 40-yr note at 4.75% with no points or fees. Purchase 1, 2, or 3 easy investments! 12101 Green Mountain and 12331 Rocky Mountain are also available with similar rents, terms, condition. Interior photos are not of actual house, but same model nearby that closely matches condition. Easy long-term tenants that have never missed a payment, even during the pandemic. Smart buy!
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