REALTORS/WHOLESALERS...Please add your fee on top of our price.
RARE BUT GREAT value-add CASHFLOW PLAY!
**SHOWING THUR. 5/5 @1pm**
Must RSVP
(1) Triplex(2/1, 1/1 and 2/1.5) 2324sqft
(1) 2/1 home 864sqft
Here's a sneaky great cashflow oppty for someone looking to add to their rental portfolio. You have 1 triplex and a separate 2/1 home, although individually metered and parceled. Property does need some cosmetic updates but you can take your time to do all 4. Three units are occupied, with 1 currently being evicted. Other tenants are paying below market rents and are month to month. You could also list on MLS as-is too.
Market rent for 2/1s is $800-$900/mo
Market rent for 1/1 is $700-$800/mo
Take a look at the pics and video if you want to move on this one! A similar property that has 4 units sold for $290k on the same street last year...Don't miss out!
CLICK THE 'Buy It Now' button to avoid the showing and highest & best.
Price: $215k
Buy It Now Price: $219k
Potential Monthly Income: $3100/mo+
Yearly taxes: $1900/yr
All DD must be done prior to contract. Showing will be Thursday 5/5 @1pm, unless if sold prior. Nonrefundable EMD due at time of contract.
Basic Terms
We are in possession of an assignable Purchase & Sale Agreement that will allow us to purchase this property. We are selling the Purchase & Sale Agreement that will allow you to purchase the property. No conventional financing allowed. Cash, private lending or hard money only. Price is net to seller, buyer pays all closing costs, property sold in as-is condition, the buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Agents, please add your commission to the price when marketing to clients. Wholesalers, please contact us if you have interested buyers. The opinion of value is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value or condition of the property. If you are interested in buying this Purchase Agreement.
Earnest Money Deposit: $3,000* Non-Refundable Deposit
Close of Escrow: TBD
Escrow Agent: TBD
Note: first-time purchasers of may be required to have an additional earnest money deposit of up to $2,500 if there is no verified proof of funds and prior performance in regards to transaction closings.
Additional Terms
Wholesalers, Real Estate Agents & Bird Dogs - You may share this property with your buyers, however, please do not post this deal on Craigslist or any other location online. We welcome partnership opportunities with other investors to help sell your contracts for properties. We're known for our speed and professionalism. To discuss further, please reply to this email.
Estimates, Values & Assumptions - The estimates and assumptions used herein are not a guarantee for the performance of the investment. Prospective buyers are responsible for performing their own due diligence and should analyze and independently verify all assumptions on renovation costs, market values, rental incomes or any comparable information contained above.
Ownership - Do your own diligence before purchasing this or any other wholesale property. We do not claim to be the owner of all the contracts for properties we market for sale.
