$649,000.0 Or Bitcoin
High income 4-plex property with very low maintenance due to “Ultimate Protection” home warranty.
3 of the 4 units are $1,200/month (HUD Program). Rents are Federally guaranteed, and electronically deposited to new Owner’s bank account on the 1st of each month. No collection issues. No management needed for monthly collections.
Home warranty (Old Republic Home Protection) on all 4 units, for both interior and exterior. Purchased highest coverage level possible, called “Ultimate Protection”. This will transfer to new Buyer. New owner will have comprehensive maintenance already covered.
Once in escrow, Seller will provide receipts / invoices for the following work that has already been completed:
- $10K – Brand new 6′ perimeter fence (completely around property) by licensed fence company
- $8K – Tented building for 3 days for termites and replaced all exterior wood (facia boards + eaves) by licensed termite company
- $5K – Re-built entire balcony and added addition support structures
- $2K – Poured new cement in back for tenants to easily move trash bin (was dirt prior)
- $6K – Various work performed on property (interior pluming, exterior stairwell, drywall, fixtures, garage interiors, and etc.)
- “Ultimate Protection” home warranty from Old Republic on all 4 units, interior and exterior, will save new Buyer $$$
- Current Property Manager on month-to-month contract. New Owner can keep PM, use their own PM, or self-manage.
New Buyer has option to install coin operated laundry machines (2 washers / 2 dryers) in separate laundry room. Could add an additional $100-$200/month in income.
New Buyer has option to charge for use of the garages for cars/storage. Normally, garages go for $50-$100, which could be an additional $200-$400/month.
Contact agent at: email@example.com