Description
$110k Down - Owner Finance For Remainder
16996 & 16998 La Canada Drive are being sold together as a side by side Package Deal. With a total of two beautiful acres with exceptional affixed mobile homes on both; this is an ideal opportunity. These plots are within five miles of 2 separate shopping centers and only a 25 minute drive to the city of Tucson.
With one downpayment, you gain control of Two Rental Properties. Appeal to the market of Horse Owners as you can keep horses at both properties. Market Rents bring in 2100 total; thats a Gross 22% Cash on Cash Return.
Potential Financing Terms:
Current Financing will be held in place and a Lease Option or Mortgage Wrap will be drawn up spanning 2-4 years. This prevents you from having to qualify for financing at this moment or bringing all cash to the table. At the end of the term, the remainder of the Principal will be due. At this point, an extension may be worked out, or the balance will have to be paid through separate financing or cash.
