Summary
IMPORTANT: THIS IS A GROUP/SHARED LIVING HOME. IF YOU ARE NOT COMFORTABLE WITH THESE TYPES OF HOMES, THIS DEAL IS NOT FOR YOU. IF YOU ARE FAMILIAR WITH THESE TYPES OF PROJECTS AND KNOW HOW MUCH MONEY THEY CAN BRING IN, GIVE US A CALL NOW.
Property Info:
- Long-term group home available. Several tenants have been there for decades.
- The seller has operated this property for over 40 years.
- Legally zoned a Duplex (not group home), it is set up with six different tenants in the property.
- FIRST FLOOR- 1 large unit with own bathroom kitchen paying $700 per month. Another unit in the back has its own bathroom and kitchen area, as well as access to the backyard. Paying $425.
- SECOND FLOOR- 4 separate tenets with a shared bathroom and kitchen, all paying $425.
- Landlord has no proof of payments or leases available. This was run as a cash business for the entirety of ownership.
- Tenants would all be happy to sign a new lease with the new owner.
- ACCESS IS VERY TOUGH, AND DECISIONS WILL NEED TO BE MADE OFF THE PICTURES BELOW. I have been in the property numerous times. If you have any questions, please reach out asap.
- Tenants are paying monthly in its current condition, and with minor upgrades, they would pay more rent.
- The buyer will be permitted to have a final walkthrough before settlement.
🚨Call or text ASAP for more details - 856-485-7644🚨
DISCLAIMER: This is an assignment of contract. We have a legally binding agreement with the Seller giving us exclusive rights to purchase the property. We do not represent the owner. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or contact the owner will result in legal action.
https://drive.google.com/drive/folders/10xej6aV5dRB6nPMV0HCY-Yu5436JOV7l
DISCLAIMER: This is an assignment of contract. We have a legally binding contract with the Seller giving us exclusive rights to purchase the property. We do not represent the owner. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
Bedrooms | |
Bathrooms | |
Sq. footage |
Deals nearby
Available
Sold