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Description

Great investment opportunity. 1st time offered in 50 yrs (seller retiring, has owned all since the 60s). Adjacent well-maintained westside/ campus 4BR & 5BR rental homes offered together. Both rented for remainder of 2011-12 school year & re-rented for 2012-13. Updated kitchens, A/C, good roofs & furnaces, all appliance including washers/dryers. Good parking (street front plus rear alley). $1,750 & $2,230/ mo rents plus 2 large outbuildings accessed from alley at rear, rented for $950/mo & 1,250/mo. Tenants pay all utilities except water. Owner will provide new C.O.s and will warrant furnaces/roofs/appliances for 1 yr. Land contract terms available to qualified purchaser: 20% dn pmt, 30 year amort., 5 year balloon. Priced to sell at 7 GRM. Call listing agent for detailed proforma. Adjacent 7 houses also available. Building price details: $519,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1913
• Buildings: 1

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