4 Bed 2 Bath Partially Tenant Occupied
With potentially 1,400 monthly income
Asking just 80k OBO
Cap Rate potential 13% or more!
Single family home with a studio apartment with separate entrance in the basement. Basement unit rented for 600 a month but is now vacant. Tenants upstairs are on a month to month basis and are up to date with rent. They are paying 800 and that's below market rate. Property is in decent shape with minor cosmetic repairs needed to bring full market value. Basement was recently renovated.
Taxes are low at 1,018 annual. Great buy and hold opportunity or a quick fix and flip! This deal won't last long. Call or text me if you're interested.
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER or TENANTS without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.