This is a solid buy & hold property, built in 2018. All mechanicals are in great condition and will need very little capex or maintenance over the next 5-7 years. Rents in the area remain strong and this price reflects a 20% equity cushion for the buyer.
- ARV: $290-310
- Average Rents: $2200
- AirDNA predicts an average $15K NOI and 58% occupancy as a STR for an 6% CAP at $240K all in.
- Rehab $1-2K — literally just a tenant move out/cleanup
- Cash or Hard Money Only
- Buyer Responsible for closing cost
- Buyers to independently underwrite and evaluate rehab the property with their contractor
- Closes no later than 15 October 2022
- Selling the equitable interest in the contract
PROPERTY IS OCCUPIED
PLEASE DO NOT DISTURB THE TENANTS
Realtors, add your fee (whatever you like) and bring us a buyer!
Here is the next step… Give me a call or text at 850-485-6577 or email Greg to email@example.com Let me know you are interested in this property and I can answer any questions you have. If you’d like to view the property, we’ll set up a time for you to view it. You can go check out the house and verify you are interested in purchasing it. If you decide you like it and want to proceed, we’ll write up a contract. It’s a very simple process and we will make it painless on your end.
P.S. These deals are hot and don’t last long. Don’t wait. Give me a call today. Again, my phone number is 850-485-6577 or you can email to firstname.lastname@example.org . Thanks!