Turnkey | Rental Income Opportunity | Cash Flow

1721 Kings Dr, Paso Robles, CA 93446

$335,000 After Repair Value -
$265,000 Asking Price -
$0 Cost of Repairs =
$70,000 Potential Profit

Property Details

Asking Price $265,000

After Repair Value $335,000

Costs of Repairs $0

Potential Profit $70,000

Living Area 1088 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 2

Half Bathrooms N/A

Parking 2

Listed with Agent 1

Property Description

Turnkey Rental in Sierra Bonita! Highly Desirable Senior 55+ CommunityTurnkey rental income opportunityCurrently fetching $1300/month leased through July 20212 bed / 2 bath, 2 car garage with large backyard1,088 sf with 8,200 sq ft lotGreat Cul-De-Sac location in 55+ community of Sierra BonitaLocated close to parks, senior center, shopping, and restaurants.Home is functional with some upgrades in kitchen and bathrooms. Could use carpet/paint.Offered at $50K below market price. Not on MLS. Priced to Sell Fast. Offered at: $265,000 We cooperate with buyer’s agents.“Cash buyer wholesale/assignment, must close escrow October 5th or sooner”Recent Comparable Sales:1826 Southview Cir, Paso Robles 93446 SOLD: Aug 2020 $335,000 2 Beds, 2 Baths, 1,088 Sqft - Shepherd Dr, Paso Robles, CA 93446 SOLD: May 20, 2020 $320,000 2 Beds, 2 Baths, 1,088 sqft - Kings Dr, Paso Robles, CA - beds / 2 baths 1,088 sq ft Built in 1979 SOLD: April 2020 $316,900 - $313,301\ - : $316,100Redfin: $332,994Property is shown by appointment only.To schedule a walkthrough:Contact: Penny Lane Equity Sales@ - Joe Bernadez at (805) - ?; Joe@ - Polly Mertenz at (805) - ; Polly@ - Terms:$2500 EMD deposit, non-refundable, when contract is accepted.Buyers pay 50% of closing costs. Must close on or before September 30, 2020.Buyers satisfy themselves of inspections prior to submitting an offer; the offer must be contingency free.We are offering our equitable interest in a purchase contract.Contract is an assignment agreement provided by Penny Lane, not on CAR forms.Cash buyers or hard money (no FHA/VA loans can be accepted). Escrow already in place with Placer Title.


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