Fantastic investment opportunity! No need to pay the bank's high rates and fees with amazing Owner-Carry terms (see below). Single level 3 bedroom is currently occupied by great tenant on a lease ($1850 thru 9/23). High rents, low price and low property taxes = Over 6.0% CAP. Large lot with nice mountain views. Central A/C. Brand new laminate flooring, interior paint, front window Oct 2022. Furnace Nov 2022. Brand new roof coming soon! Cost sheet in Assoc Docs. Smart buy! 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. 40 yr Amortization! With 20% down, owner will carry 40yr note at 5.25% with no points or fees. Higher down yields lower rate! With 30% down, owner will carry 40yr note at 4.75% with no points or fees. Purchase 1, 2, or 3 great investments! 12101 Green Mountain and 12051 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. Good tenants already in occupancy and lease in place!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
