Location Description: Located in a cul de sac in the prestigious Summerlin area
Primary Type: Multifamily/Fourplex No. Units: 4 Building Size: 5,071 SF Lot Size: 7,841 SF

Price: $499,000

Two 2-Bed/2 1/2 Bath units

Two 3-Bed/2 1/2 Bath units

Year Built: 1997 Townhouse design (no one above or below you)

On-site professional management

Individual washers and gas dryers in the garage of each unit

Insulated walls and ceilings

Energy-saving dual-pane windows

Refrigerator, built-in dishwasher, garbage disposal, gas range, and microwave in each unit Central heat and air conditioning

Gas and electric individually metered

Individual private patios or fenced yard

Community swimming pool

Each unit has a two-car garage and automatic door-opener

Onsite management screens prospective tenants, collects rents, handles small repairs and other duties. The main office distributes rents to building owners along with a detailed income & expense statement, provided the 15th of every month. The main office runs monthly color photo advertisements in all the major apartment rental magazines. In addition to this the company maintains their own service center that stocks materials for making units rent ready. If a tenant vacates the service crew will make the unit rent ready, there is no need for the owner to hire outside help. The management fee is 7% of collected rents. There is an HOA fee that covers pool & ground maintenance. This is a truly turn-key real-estate investment. Income & Expense statements provided upon request. All Offers Subject to Inspection.

For Sale by Owner. Owner is licensed Real Estate Agent in California. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.