BUY and HOLD or Flip Project.
9 bedroom, 4.75 bath, 5 Unit complex. This property was previously rented out as five separate units. There are two 1/1's, two 2/1's, and a 3/1 for a total of nine bedrooms and 4.75 bathrooms, but only two full kitchens (in middle units). The home does NOT have central HVAC, and needs a significant amount of repairs including but not limited a new roof, electrical, plumbing, drywall, paint, framing, appliances, foundation repairs etc. The fire was in the middle two units and the demo has already been started. The electricity and water are NOT individually metered. This property is sold as is.
Wholesale Price: $70,000
Estimated Rehab: $60,000
Estimated Cap Rate: 21%
Close of escrow on or before 5/9/2016. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs.
See comps, pics, and fun disclaimers below:
Fun Disclaimers:
All Prices based on cash sale with $2500 non-refundable deposit to secure property.
IMPORTANT INFORMATION
- All properties offered are either owned or are under contract and selling equitable interest or offered in conjunction with business associate.
- One of managing members is a licensed Real Estate Agent in the state of Arizona.
- If estimated values are provided, they are based on interpretation of MLS and Tax Data.
- Hard Money Available on most transactions at range of 14-18% with 20-30% down and transaction fee.
- Price is net to seller and Buyer pays all closing cost
- Buyer agrees to double close of escrow
Investors/buyers
are encouraged to conduct their own due diligence. The members of the
selling entity are not tax or financial advisers. You should consult
with a certified financial and/or tax adviser on any investment you are
considering. Buyer pays all closing costs.
Pics:
