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2br - Investor Special, for This Week! 2 Ways to Profit Big!
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Property Description |
Special this week, $7500 will let you assume this mortgage (upon approval) for approximately $41k!
This is a 2bed, 1bath, 740 square ft., fixer upper that currently rents for $600 per month. This is located on an extra large lot that has frontage on 2 roads. We've talked to the city and this is no problem to get this lot subdivided. So there are 2 huge ways to profit from this deal. You could go through the subdivision process and sell the extra lot for $15k to $20k, or you could stick a manufactured home on the new lot (this area is zoned for a mobile home overlay) and pump up your cash flow to gross $1100 per month. Try looking at those numbers through the lense of a cap rate! You could hold this forever and let it create monthly cash flow or profit through the sale of the lot, either way this is a great investment.
This is a special that we're running for this week, please call to get more details!
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| Listing Status: |
For Sale |
| Property Type: |
Single Family |
| Price($): |
49000 |
| Street Address: |
4th Avenue West at Washington Street South |
| City: |
Twin Falls |
| Region: |
Idaho |
| ZIP/Postal Code: |
83301 |
| Bedrooms: |
2 |
| Bathrooms: |
1 |
| Stories: |
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| Square Feet: |
740 |
| Lot Size: |
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| Year Built: |
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| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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