$274,900
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2554 OLIVE Drive Unit 74 Palmdale, CA 93550
Condo
Residence
2
Beds
2
Baths
...
Bed/Bath
853
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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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 carpe...ting, 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!
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MLS#
25000639
Property Type
Condo
Bedrooms
2
Bathrooms
2 Full
Year Built
1986
Square Feet
853
sq. ft
Lot Size
4.83
Sewer
Sewer Connected
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