Single Family Investment Portfolio
Acquisition Price:
$760,000
This offering is a package of 11 single family houses in Spanish Lake area. The package entails (4) four 3 bedroom/1 bathroom houses and (7) seven 2 bedroom, 1 bathroom houses that have been renovated, leased and have been a cash cow to the owner. Annual gross income of $107,520 and net income of $74,261 after expenses, maintenance, property management fee etc. puts the opportunity very attractive at 10% cap rate. Other houses include 1135 Baron Ave, 1139 Laredo, 1147 Laredo, 1128 Scott Ave, 1148 June, 1201 Rhea, 1207 Maple, 9789 Dennis, 11136 Larimore, 11845 Benham, and 11925 Bridgevale. Please do not disturb tenants.
Financials:
"Invest Wisely"
PROMISE LAND REALTY, LLC
Work: 313-307-6616
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*