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7K+ MONTHLY CASH FLOW! DUPLEX
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Property Description |
Your price prior to our listing with realtor is only $269,000. Suggested Realtor Price $309,000. (not listed yet) you save $50,000 on the buy--if you close within 35 days. Call 801-815-9017 Greatly underpriced to buyer who can close in 35 days. $10,000 non-refundable earnest money. Seller needs quick cash to exchange into development acquisition in Minot, ND. Eight Bedrooms and 3 full bathrooms converted home, remodeled and updated is the perfect duplex in unbelievably ideal location in the heart of Oil Boom Country-- Across the street from new convenience store, ?Kum and Go?, and brand new Hotel. July 2011-2012 Revenue: Gross Rent and Deposits $140,922. Less: Deposit Returns and Allowances $9,390. Net Rents $122,453 Expenses: Advertising $494 Bank Charges $210 Contract Labor $9,600 Operating Supplies $2374 Postage $45 Property Taxes $1330 Repairs $6018 Phone/Internet/Cable $3074 Utilities $4052 Total Expenses $27,197 Net Operating Income $95,256 11% Capitalization Rate prices this income value @ $865,963! *35.4% Cash on Cash Return BONUS TO YOU: COMES FULLY FURNISHED, BEDS, TABLES, PICTURES, BIG SCREEN TV, BRAND NEW WASHER DRYER, UPDATED ELECTRICAL PANEL, CABANA IN THE BACK (not approved nor disapproved by City). R-2 FAMILY ZONE. Approximately 3800 SF finished space includes basement space. Property is fully leased, please do not bother tenants. |
| Contact person: |
owner |
| Seller Type: |
PrivateOwner |
| Phone: |
701-203-3131 |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Duplex |
| Price($): |
270000 |
| Street Address: |
113 N Hoseth St |
| City: |
Tioga |
| Region: |
North Dakota |
| ZIP/Postal Code: |
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| Bedrooms: |
8 |
| Bathrooms: |
3 |
| Stories: |
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| Square Feet: |
3870 |
| Lot Size: |
14000 sf |
| Year Built: |
1951 |
| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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