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1550 RIMPAU SPC 185 Avenue 185 — Corona — 2 Beds • 2 Baths • 1,531 Sq Ft | Belmont Brokerage

1550 RIMPAU SPC 185 Avenue 185 — Photo 1

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$219,900

$144/ft²

2 beds|2 ba|1,531 sqft00|1981 Built|0 DOM

1550 RIMPAU SPC 185 Ave 185, Corona, CA 92881

Property Description

Hello and welcome to villa park in corona, a desirable all aged gated community. This manufactured home sits on a permanent foundation and offers 2 bedrooms and 2 baths with a bonus room and a 2 car attached garage. This spacious layout is designed for comfortable living and relaxing. The house provides natural light heating & ac and an inviting kitchen for a chef or soon to be chef. Kitchen provides ample storage and cabinet space to meet all your needs. Washer dryer and refridgerator is included. Also, the park provides resort style amenities featuring a sparkling pool, relaxing spa, modern fitness center, barbeques area and eve charging stations. Residents also enjoy secure rv/boat parking, beautifully landscaped greenbelts, a welcomeing clubhouse equipped with a library, billards and card rooms plus adedicated paly area/room and daycare for children. With amenities for everyone villa corona combines relaxation, activities and family friendly living. Conveniently located near shopping, dining, schools, and simple access to freeways to get out and do what you gotta do. Looking to downsize or just want adifferent environment , this property blends comfort, convenience and community living. Dont miss your opportunity to to make this your home, in life and in business it's all about timing. You snooze, you lose!!!

Listing provided by: Marc FinnieDRE #01387997916-955-3240 mdfinnie@earthlink.net, The Turtlestone Group Corp

MLS #: DW26202259

FLIP & EXPANSION SIMULATORHIGH RISK / NEGATIVE

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

-$196K

-56.6% ROI

Rehab + Add$286K

Est. ARV$326K

Est. Profit-$196K

Proj. ROI-57%

Sqft to Add (Expansion / ADU)+400 sqft (1,931 total sf)

Remodel Rate (Existing Space)$140/sqft ($214K total)

New Build Rate (Addition / ADU)$180/sqft ($72K total)

Purchase Price:$219,900

Remodel (1531 sf @ $140/sf):$214,340

Addition (+400 sf @ $180/sf):$72,000

Est. Closing, Holding & Fees (~5%):$16,317

Target ARV (1931 sf @ $169/sf):$326,339

Est. Net Profit:-$196,218

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$219,900

1550 RIMPAU SPC 185 Ave 185, Corona, CA 92881

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1550 RIMPAU SPC 185 Avenue 185, Corona, CA 92881

About This Property

$219,900

1550 RIMPAU SPC 185 Ave 185, Corona, CA 92881

Property Description

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Location

Presented by Belmont Brokerage Inc.