FOR SALE; GREAT RENTAL OPPORTUNITY WITH OWNER FINANCING

Primo location, awesome 3 bed, 1 bath 1050 sq. foot house on a large lot. Less then 5 years ago the following work was done; copper repipe, new 30 year roof, exterior stucco coating (can't remember the name of the process), new heating/air condition system and the electrical panel was upgraded to a 100 amp. It needs interior work and a empty pool in the back needs to be filled in/buried. To get this ready for a rental you will need to paint, carpet, paint the kitchen cabinets, put in some appliances and stick a for rent sign in the yard. The pool shouldn't cost more then $3,000-5,000 to make disappear, some minor drywall work inside, paint and carpet plus kitchen appliances. I know for a fact my crew could do this job for less then $12,000 total making it a rental. To try and rehab this property into top condition and try to flip it you will need to spend a lot more and it won't pencil out. As a rental this is a steal of a deal!

This should easily be a $1450 per month rental.

Great opportunity for a landlord type investor looking to acquire a prime Riverside single family house as a rental. Hurry before I start rehabbing it and it comes off the market.

I can carry a $70,000 interest only note with a $20,000 down payment for a qualified buyer for a maximum of 8 months at 10% OR you can pay cash.

The house is currently occupied so no interior inspections until the week of May 18th.

The buyer will need to be able to qualify for permanent, institutional financing down the road, or show the cash to pay off the note. This is an opportunity to purchase a house for only 20k down, get it rehabed and rented out and then go out and get your permanent financing. This means you DO NOT have to go out and write a huge check to get in the door.

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