Description

Income-producing investment opportunity in Fontanas gated El Paseo community! Currently tenant-occupied at $3,200 per month, representing $38,400 in annualized gross rental income, with an existing lease through May 2027. Tenants pay all utilities. Built in 2021, this 1,677-square-foot corner-unit condominium features three bedrooms, a versatile loft, and an attached two-car garage. The front entry faces the community pool, offering an attractive pool view, with the clubhouse and parking conveniently nearby. The kitchen is centered around a large granite island with new white cabinets and stainless-steel appliances, including a refrigerator. This home offers abundant natural light throughout, enhanced by plantation shutters on every floor, luxury plank flooring downstairs, and custom carpeting upstairs. Community amenities include a pool, spa, and outdoor barbecue area. Solar panels are leased; buyer to verify solar lease terms, payment obligations, and transfer requirements. An opportunity to purchase a rental property with an established tenancy in place. Buyer and buyers agent to independently verify square footage, lease terms, income, expenses, HOA requirements, and all property information.