27160 Vista Rd 1-23, Helendale, CA 92342

Property Description

These 23 units were originally developed in the early 1980's when Silver Lakes began to develop but were completely rebuilt by the Seller from 2008-2010. Each unit features two master bedroom suites with separate bathroom, enclosed shower and tub in one suite and walk in shower in the other. Open kitchen area, with stainless steel appliances and granite throughout the units. All units are fully furnished. Most units have a two car covered carport parking space, but two units have a detached two car garage. Low maintenance desert landscaping. The owner will carry with a 1/3 down payment in cash or acceptable trade-able equity. The buyer's cash down payment is the only qualification for the seller carry back first trust deed of $1,663,333.34. Seller is offering to finance the balance at 6% interest only, with monthly payments of $8,316.67 plus taxes and insurance impound, all due and payable at 72 months. Financing may be extended through negotiation ?at end of term?. The 23 units offered herein are located in a private resort know as Silver Lakes, which offers a Vacation where you Live' lifestyle. The HOA consists of two lakes totaling 277 acres for boating, fishing, swimming, a 27 hole championship golf course, RV Park, Equestrian Center and a 20,000 square foot Clubhouse with tennis courts, pool, gym, library, meeting and event halls, all of which could be available to your tenants. Two local shopping centers are within walking distance.