Right now is a very good time to buy investment property. Financing is very much available to qualified buyers at a low interest rates, and lenders are looking very favorably at properties that show stability, good cash flow, and a good future. The nice thing about buying the larger apartment complexes is economy of scale. A good manager can manage a 24 unit complex, as well as a 60 unit. Common utilities are not increased to a great degree when you double the number of units, especially if all of the units are individually metered. To this end, there are a number of good buys right here in the Redding area, and if you travel a little south, even better deals can be made in some parts of Sacramento and even Stockton. Look at this one that we just listed here in Redding:
Great Income property. 34 units consists of two four-plex’s, one 5 plex, one 6
& one duplex. Completely rebuilt in 1995. Rents range from $465.00- $700.00 per month. Near new city hall, library & new single family subdivision. Great buy at this price.
Need we say more….so if you are looking, give us a call at 530-248-5601 or e-mail ronlargent@kw.com or see my site at www.ronlargent.com
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