Description
Attention all investors! We are looking for a CASH deal for this underpriced money making machine. Walk through video available upon request. Do we have an opportunity for you on this. Priced way below market value and ready for a quick sale. This property is corporate owned and used as a rental unit. There's currently a HCV (Section 8) renter who has been there for five years. Great tenant, any investor would be happy to own this guaranteed money maker. This property is being rented at $1156 a month. Get about a 9% cap rate on a cash for cash investment And with today's rates and a 16% cap rate with a conventional investment loan on the initial investment of 25% down payment. This property has 4 bedrooms, 2 full bathrooms and a full finished basement. This property was a Full gut rehab inside and out in 2010, where roof, windows, furnace, appliances and more was brand new. It has also beed updated in 2018. This is one of three listed properties 6830 S. Prairie, 7145 S. Maplewood and 7632 Rhodes. Seller may consider a package deal if someone was interested in all three.
Map
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