Description
Not getting any returns from the bank? Try this no brainer investment. $259k for 2 units. Both units have solely been vacated Aug 1 because of sale. Rents in minutes. Here's the math. $900 1st and $1200 2nd was what they were charging. They could easily get more but had excellent tenants and chose not to. That's over $2100 Gross, about $12-$1300 net after everything including mgt fees. Compare that with money sitting in the bank. Washer/dryer hookups in basement. New oil tank and lines for 2nd fl unit. Newerroof, newly painted. 4 car parking. Excellent rental area. Owners solely selling to concentrate on other investments out of state (where they live). Sold as-is.
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3BEDS
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0.14ACRES
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2BATHS
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01/2 BATHS
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1,648SQFT
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$157$/SQFT
School Ratings & Info
Description
Not getting any returns from the bank? Try this no brainer investment. $259k for 2 units. Both units have solely been vacated Aug 1 because of sale. Rents in minutes. Here's the math. $900 1st and $1200 2nd was what they were charging. They could easily get more but had excellent tenants and chose not to. That's over $2100 Gross, about $12-$1300 net after everything including mgt fees. Compare that with money sitting in the bank. Washer/dryer hookups in basement. New oil tank and lines for 2nd fl unit. Newerroof, newly painted. 4 car parking. Excellent rental area. Owners solely selling to concentrate on other investments out of state (where they live). Sold as-is.
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