Orange County Townhome w/ Tenant in Place - UNDER MARKET

[Eric G.]

This is a 1 bed plus a loft with 1256 square feet. The last two model matches sold this summer for $474k and $475k. Before I go to the open market, I'm offering it direct at $445k. I'm also offering a year of free management for anybody interested.

It's a very unique and desirable layout with multiple levels, vaulted ceilings and an attached 2 car garage. It's private master bedroom patio opens up to a stream. TENANT IS CURRENTLY IN PLACE and just signed a renewal through next summer at $2100 (market rate is probably $2200 now). I've already tenant proofed the property by installing laminate wood flooring and tile throughout. I do that in my rentals because carpet is one of the bigger costs to landlords, and this eliminates that item.

So for somebody looking for a rental property, there's built in equity, no vacancy cost and free management.