Description
Investor opportunity with owner-financing potential! This spacious two-bedroom ground-floor unit comes with four separate studios on the second floor, plus a large garage. While the property requires some renovations, it currently generates an impressive annual income of $48,900, with a net profit over $38,000 annually, based on existing rents and condition. Enjoy the benefits of 100% occupancy and low turnover rates. Current rents are $1470, $675, $660, $650 and $620. Seize this unique chance to own five rental units in one property! This property is non-conforming and will likely not qualify for traditional financing, but there is potential for owner financing (terms subject to negotiation with current lender). Sold as-is.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Information
Description
Investor opportunity with owner-financing potential! This spacious two-bedroom ground-floor unit comes with four separate studios on the second floor, plus a large garage. While the property requires some renovations, it currently generates an impressive annual income of $48,900, with a net profit over $38,000 annually, based on existing rents and condition. Enjoy the benefits of 100% occupancy and low turnover rates. Current rents are $1470, $675, $660, $650 and $620. Seize this unique chance to own five rental units in one property! This property is non-conforming and will likely not qualify for traditional financing, but there is potential for owner financing (terms subject to negotiation with current lender). Sold as-is.
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