The story
SELLER WANTS AN OFFER..... ANY OFFER AND HE WILL CONSIDER SELLING... OFFERED AS IS...... ALL CASH.... SELLER WANTS THIS SOLD. This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Seller wants this property SOLD TODAY. BRING AN OFFER AND SELLER WILL ACCEPT A CASH OFFER AS IS..... He will not do any work. YOUR ELBOW GREASE WILL MAKE THIS A CHARM.
