San Clemente Triplex Property In Escrow - 136 Avenida Algodon

A San Clemente Triplex property has just gone into escrow today by Beach Cities Real Estate broker associate Scott Bingham and Sam Smith who represent the buyer.  The property located at 136 Avenida Algodon is currently listed for sale at $975,000.  Located in the middle of the downtown San Clemente neighborhood are three 2 bedroom units that rent for a total monthly gross scheduled income of $5,250.00.  This is a great located that is just 5 blocks away from the center of town and one block to the desirable Southwest San Clemente neighborhood.  The property comes with community laundry that collects an average $350.00 a month and new hardscape and driveway that was recently installed.  The Mediterranean style building comes with 3 covered parking spaces as well as new vinyl windows, toilets and coined laundry machines.

The San Clemente residential income market only has two triplex properties currently on the market that range in price from $975,000 to $995,000.  The fall months typically mean a slow down in the real estate marketplace here in San Clemente which results in an excellent time for buyers to buy a great prices.  This year the fall market has been unusually busy as many buyers are very active in pursuing properties.  The lack of inventory is also causing buyers to act quickly when well priced properties come on the market.  For those wanting to learn more about buying a residential income property should contact Scott Bingham of Beach Cities Real Estate at 949-412-3515 today.