One of the best investments in the area! Total rent per month is $1,900 between the four units. Rents could be raised to $2,200 according to rental manager. There are two 2 bedroom units and two 1 bedroom units. Huge annual cash flow with a estimated cash on cash return of 38%!! Estimated net annual income is $15k a year and a estimated cap rate of 15%. Three of the units have had tenants for a long time and the fourth unit has a new renter. Owner has recently invested $30k into these homes. The 2 homes in the rear of the property have a new metal roof and the building in the front has a new asphalt shingle roof. All new vinyl siding, some new electrical and paint as well. Possibility for new owner to lower tax bill. While the information displayed herein is thought to be accurate, itis your responsibility to independently confirm its accuracy and agent makes no representation about the content in its description.
Listing Date: 04-09-2013
Sold Date: 11-25-2013
Aprox Days on Market: 
7 month(s), 15 day(s)
Listing Sold: 
10 Year(s), 5 month(s), 2 day(s) ago
Original Asking Price: $105,000
Asking Price: $105,000
Selling Price: $94,000
Price Difference From Original:
Reduced By $11,000
Price Difference From Asking:
Reduced By $11,000
Grazing Permits Forest Service: Yes
Grazing Permits Private: Yes
Grazing Permits Blm: Yes
Horse: No
Farm Credit Service Incl: Yes
Year Built: 1950
Rent Control: No
Pool Private: No
Garage: No
Attached Garage: No
Fireplace: No
Lot Size: 0.23
Lot Size Units: Acres
Acres: 0.23
Lot Sqft: 10018.8
Irrigation Water Rights: Yes
Mobile Home Remains: Yes
Property Type: B
Foundation: Crawl Space
Exterior: Vinyl Siding
New Construction: No
Roof: Asphalt, Metal
Building Area Units: Square Feet
View: No
Home Warranty: Yes
Habitable Residence: Yes
Structure Type: Duplex, Quadruplex, Single Family Detached
Beds: 6
Sold Date: 2013-11-25T00:00:00
Lease Renewal Option: Yes
Lease Considered: Yes
Lease Assignable: Yes
Sqft: 2728
Number of Units Total: 4
Unit Bedrooms: 1
Unit Bedrooms: 2
Unit Bedrooms: 2
Unit Bedrooms: 1
Heating: No
Cooling: No
Waterfront: No
Courtesy of listing office REMAX Advanced Realty