OfferMarket Exclusive Listing
DO NOT DISTURB THE TENANTS. Awaiting judge to set eviction date. Buy direct and save on this turnkey rental investment property.
Terms
- Asking price set by Seller who will review all offers (submit an offer!)
- Seller reserves the right to accept an offer before the deadline
- Buyer pays closing costs
- AS IS
- $5,000 EMD
- Close using Terrain Title & Escrow Company
Notes
- Current tenants were paying $1,300 / month (month-to-month)
- Current tenants have not paid rent since June 2021
- Awaiting judge to set eviction date
- Market rent: $1,600 - $1,800 / month
- Deal Details section assumes $1,650/month rent, 25% down, 4% interest rate, 8% management fee, 5% vacancy rate
- 2022 taxes: $2,319.95 (County: $1,283.34, State: $130.67, Bay Res Fee: $60, Sewer Service: $612.54, Water Distribution: $233.40)
- Parking: off-street spaces are available behind the house, back yard can be converted to parking pad
