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Description
Investors! This investment opportunity is a portfolio of homes situated in Imperial County, CA also known as Lithium Valley. In this portfolio are single family residences that are owned and operated as rental properties. Given the age of the homes, there is minimal repair and capital expenditure outlays for the next buyer and resident turnover tends to be limited here. During the past couple of years, occupancy rates have been near 97% for homes and apartments with most units renting in less than 1 week of market entry. Imperial County continues to be a great place to live for those who like a small town, family-oriented feel with access to jobs, schools, shopping, dining and entertainment. For sale in this listing are 6 homes including 3010 Vaho Station, Calexico, 3bd, 2 ba, 1254sf, rent is $1250 per month; 1055 Playa Del Norte, Calexico, 3ba, 2b, 1254sf, $1300 rent per month; 185 Meridian, Heber, 4bd, 2ba, 1819sf, rent is $1375 per month; 181 Meridian, Heber, 4bd, 2ba, 1693sf, rent is $1375 per month; 248 Rosarito, Imperial, 3bd, 2ba, 1741sf, rent is $1350 per month; 250 Rosarito, Imperial. 4bd, 2ba, 16119sf, rent is $1350 per month. Total annual income s $96,000. The total Portfolio of 22 homes is available to purchase in increments as noted in the attached document.
Location
Listing Agent: Patricia Seay 01218535 Courtesy of: Pat Seay Real Estate "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 8th February, 2023 3:34 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 8th February, 2023 3:34 PM (UTC)