$289,900
2554 Olive Dr Apt 74, Palmdale, CA 93550
- 2Beds
- 2Baths
- 853SqFt
- 2Beds
- 2Baths
- 853SqFt
- Property TypeCondo
- Year Built1986
- HOA Fees$360/mo
- Price per Sqft$340
- On highrises17 Days
Property Details
Turnkey investment opportunity! This 2+2 condo in the gated Monte Vista HOA is currently rented to a Section 8 tenant at $2, 095 per month. The tenant moved into the unit in August 2024 and is current on the rent. The unit was thoroughly updated prior to the tenant's move-in with new paint, new carpeting, new kitchen counters and many other new fixtures/features. This provides a great opportunity for an investor to purchase a rental with the tenant already in place at market value, and with a large percentage of the rent being covered by the Housing Authority (tenant's portion is currently $49). This condo is on the 2nd floor and has a nice floorplan. Both bedrooms have an en-suite bathroom, the living room is spacious, and there's a large balcony off the living room. It also has in-unit washer/dryer connections. The Monte Vista condo community is gated and well-managed, with amenities such as community pools, clubhouse, and on-site security. The HOA covers water and trash service, as well. This condo is well-suited to an investor looking for a rental that provides immediate cash-flow at a low price, without having to hassle with move-in repairs or the leasing process. Don't miss out!
Property Features
Bedrooms
- Bedrooms: 2
- Bedrooms On Main Level: 2
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Mark Mestepey
- Brokered by:
- Castlestone Properties, Inc.
- (818) 298-7333
Also at 2554 Olive Dr
