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4 Properties total 11 Units with cash flow!
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Property Description |
This opportunity consists of 11 units on 4 properties. These properties are located about 20 miles south of Downtown Pittsburg, Pennsylvania, and located near each other.
The properties consist of a 1200 Sq. Ft. SFH, a 1300 Sq. Ft. Duplex (2/1s), a 1400 Sq. Ft. Duplex (2/1s), and a 5000 Sq. Ft. 6-unit.
With a down payment of $76,000 the purchaser can assume the existing mortgages on the properties totaling $69,000 and the SELLER will hold additional FINANCING of $26,000.
The total monthly payments on the assumable mortgages and seller held financing will be $1,038.59. The package currently produces rental income totaling $2,355 a month for an existing POSITIVE CASH FLOW of $1,316.41 a month.
Three of the properties (5 units) are currently rented with tenants in place generating the current rental income of $2,355 a month. The 4th property consists of 6 units that upon rehabilitation should rent on average for $450 per unit, $2,700 total a month, bringing the total rental income of the portfolio after repairs and lease up to $5,055 a month. The repairs of the 4th property are estimated to cost around $50,000.
The 4 properties are estimated to have an After Repair Value (ARV) of $352,000, contributing roughly $125,000 in equity to the investor in addition to the rental income of over $5,000 when completed. |
| Contact person: |
John |
| Seller Type: |
PrivateOwner |
| Phone: |
561-856-4949 |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Other Types |
| Price($): |
171,000 |
| Street Address: |
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| City: |
philadelphia |
| Region: |
Pennsylvania |
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| Owner Finance: |
No |
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