2407 Telegraph Ave #205

These days, distressed condos can be a great entry point into income property in hot areas without putting all of your resources into one building.

We helped our client pick up this clean, well laid-out unit in a short sale.  Only three days on market – speed is essential to capture deals such as these.  On the edge of Uptown’s booming rental community, this $100k cash investment will soon be renting for $1,300 or more.  Combine this with a moderate HOA fee and little to no additional acquisition expenses and our investor will be looking at a projected cap rate of 8% and potential for appreciation as the area continues to develop.