Description
Great INVESTMENT SPECIAL with LNG TERM TENANT Tenant pays $750.00/month always early never late.Investor's Dream. The market is starving for affordable rentals like this. This unit has been on HUD in the past, but doesn't need it; it has been under management for years and never goes empty. Make your $75k back in a little over 8 years, and if you never raised rent (you will), make another $120k in the next 20, plus sell the asset (if it never went up - it will) for $75k for a total gain of $195k on the low side. Another strategy - refi and get around $45k capital back for your next deal (we just did this in 2020 on this property). We do not want to displace tenant, but will consider owner financing at $20k down and $700/month, 30 year term for the right person.
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2BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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981SQFT
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$76$/SQFT
School Ratings & Info
Description
Great INVESTMENT SPECIAL with LNG TERM TENANT Tenant pays $750.00/month always early never late.Investor's Dream. The market is starving for affordable rentals like this. This unit has been on HUD in the past, but doesn't need it; it has been under management for years and never goes empty. Make your $75k back in a little over 8 years, and if you never raised rent (you will), make another $120k in the next 20, plus sell the asset (if it never went up - it will) for $75k for a total gain of $195k on the low side. Another strategy - refi and get around $45k capital back for your next deal (we just did this in 2020 on this property). We do not want to displace tenant, but will consider owner financing at $20k down and $700/month, 30 year term for the right person.
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