Great Investment or Owner Occupy with excellent rental history. Large fenced yard uncommon in downtown location. 3 blocks to commons. 2 car detached garage, off-street parking. Supplemental well. Many updates throughout.
08-09 rents: $3,500 /mo:
HOUSE IS FULLY RENTED FOR 08-09
Apt. 1. 2 bed. 1 bath. 2 unrelated, 8 related
Apt. 2. 1 occupant st..
Value: $75,000 = 7.94% Cap Rate
You are welcome to drive by, but PLEASE do NOT disturb or speak with tenants as they are unaware of sale. No sign in yard.
Seller is licensed real estate and mortgage broker and can assist with locating appropriate financing, if necessary. Buyer's agent protected.
Thank you for the opportunity to earn your business
L..
Collects $1500 Rent/Month (Multiply by 12 months....$18K/Yr)
Total Expenses:$510/Month
1 Two bedroom & 3 one bedroom
Apartments are currently vacant.
Needs some minor cosmetics/TLC.
Property being sold as is condition.
It has free & clear title,no liens & taxes are current.
Property Analysis:
Ask:85K
Sqft:3000
Yr Built:1900
Gross Rental Multiplie..
**WOW** A $350,000 4 PLEX for only $200,000!!! THats almost 50% DICOUNT from retail value. MUST SELL NOW!!
4 PLEX, all 2/1's. Pulls in $3700/month. Just renovated last year, needs no work at all!
Buy for $200,000 and enjoy MASSIVE CASHFLOW, plus HUGE EQUITY. No joke.
Wont Last, CALL NOW!!
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