Description

Property Description

$192,000 Per Unit!
Comprised of (2) 2 Bed/1 Bath SFR & (3) 2 Bed/1 Bath Units
Desirable Single-Story Construction Situated on a 36,000 SqFt Lot
Seller Provided Private Financing
Current Cash on Cash Return: 1.52%; Current GRM: 16.16
Proforma Cash on Cash Return: 8.49%; Proforma GRM: 11.87
Kris and Deepen Represented Both Buyer and Seller
A true “win-win” scenario in which the seller was able to secure an aggressive price, all while maintaining a monthly income similar to his current income, plus relieving himself of all management headaches.
The buyer has acquired an asset in which he is able to easily receive an above-market return of 8+% while owning a unique property inclusive of 2 SFR’s on an oversized 36,000 SF Lot. The buyer will also take advantage of a 36.1% upside in rental income.