Description

3-FAMILY READY-MADE, TURN-KEY, CASH FLOW INCOME PROPERTY No repair is necessary. Seller recently spent $7500 on cosmetic works on the Kitchen and bathroom of the 3rd Floor. You can spend that on the remaining floors. That's your choice.
  • Property Taxes : $11,400
  • Home Insurance: $1,500
  • Water: $600
Fully Rented Out. 2/3 are Section 8.
  • Unit 1 Monthly Rent: $1,175
  • Unit 2 Monthly Rent: $1,150
  • Unit 3 Monthly Rent: $1,000
  • OPPORTUNITY: Average rent for 3 bedroom in the town is $1600/month. So potential extra $1375 in Cash flow by contacting the housing authority.
Message me for more info.



Property Details

Property Status Available
Price $250,000
Estimated Repairs $15,000
Square Footage 3525
Sq Footage Source other
# of Units 3
Market Rent (Annually) $19,200
Gross Rent $39,900
% leased 100%
Gross Yield 16.0%
Net Income (Annual) $39900
Net Yield 16.0%
Property Management In Place no
Seller Financing Available N/A
Sellers Disclosure I have equitable interest and am assigning my rights to purchase this property
Publish Date June 19th, 2018

Seller Information

Member since June 2018
Contact
Profile


Do your research before making any investment!

Seller assumes all responsibility for the content of this listing.