This 2 bedroom, 1 bath home is ready to make you $$$. This ‘set it and forget it’ investment comes with a with a long-term, paying tenant at $575 per month. Home has a convenient location near highways, public transportation, food markets, restaurants, and retail shops. With a current cap rate of 18% this is an ideal investment opportunity. View with accepted contract only. Please do not disturb the tenant under any circumstances. Interested parties can contact us for a video walk through as well as further details on the property. Owner/Agent.
Tenant current pays $575/Mo in rent on Month to Month Lease and would like to stay, tenant pays all utilities and covers lawn care. Cap rate is 20.7% at list price. Proforma of 25% if rent raised to market rate of $650/Mo
Updated on October 24, 2017 at 4:56 pm