Seller Financing!! 2 properties on 1 lot. You get a single family home that is a 3/1, just under 1000 sq ft and a 2 story duplex with a garage. Each unit is a 2/1 and rent for $900 a month on the duplex. The house is rented for 800/mth but the tenant is moving out because the seller said he was raising rents on the house to $1000 a month at the beginning of the year. Honestly I feel you can get $850-900 for the house pretty easily. The units are in decent shape but the house could use a new kitchen. Both have metal roofs and plenty of parking. Currently the seller manages these himself but it looking to retire so he is offering these with some great seller financing terms.
The sale price is $304,000 (including our assignment fee) with $64,000 down . Seller will finance the remaining $240,000 for 30 year am. with a 10-15 year balloon at 5.5% so your payment is about $1400/mth. With potential gross income of $2900-$3000 a month and a current income of $2600 a month this one screams cash flow from day 1.
Please drive by only and we will set 1 showing once you do your due diligence and are 95% ready to go.