Tuesday, April 5, 2011

JUST SOLD - 121 JUANITA - FOREST PINES UNIT 236 ASK: $229,777 SOLD: $199,000

This Forest Pines unit was just sold for $199,000 and that looks like a great buy to me.  The complex is in terrific condition and contains amenities including a pool, spa and clubhouse.  It is also walkable to Incline Beach and is located at low elevation which is an advantage in this year of awesome snowfall at 175% of average.

Many buyers are not interested in one bedroom units but I believe they are often the most practical to own.  If the owners want to rent the property on a vacation rental basis they can generate enough net cash flow to offset the taxes and homeowner dues.  They are great alternatives to hotel rooms because of the inclusion of a kitchen and more living space for entertainment.  At the same time, they are relatively easy to setup and maintain.

If you have an interest in Incline's best prospects to buy for maximum rental return, write me at Randy@RandyBull.com.  I'll forward a list of condo complexes for your review.