Posted on the Market on January 15th….
So Far…? 6 Offers…!!
For those of you that don’t know me, I work primarily with Residential Investment Property and Investors. We were fortunate to get the opportunity to do the Property Management for the Gaslight Apartments in the summer of 2012. The Apartments consist of, (9) 2 bedroom 1 bath and (6) 1 bedroom 1 bath units.
The property is well located in Folsom, near City Hall, the new Library, City Park and Zoo. It’s a corner lot location with a single family home on one side and Theodore Judah Elementary on the other.
Since the time we took over, we’ve increased the owner’s Monthly income over $1,000 by very modest increases in the rents of these long time tenants, some of whom had not seen a rent increase in 18 years.
While Gaslight doesn’t have all the latest amenities, it does have Covered Parking and a Community Pool.
The Owner’s have decided to move on after owning this for approximately 20 years or so.
There’s a lot of “upside” on this one for the right owner…!
As of January 23, 2013 this property is still available, so if you are interested let me know.
In The Mean Time…?
Make it a Great Day..!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE email@example.com 916-203-1260
- Hope Shines – a poem by 4th grader Drisana Bhatia (capitalcrosswords.com)
- Vision Service Plan to add 200 manufacturing jobs in Folsom (sacbee.com)
- Looking For a Real Estate Investment that Carries Itself..? (TheyCallMeMrEd.com)