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.
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Property Details

Property Status Expired
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

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Seller assumes all responsibility for the content of this listing.