Single Family Investment Opportunity
Price
$1,250,000
Please submit all offers directly to sarter@promiselandrealtyllc.com
Owner Financing Options Available
Property Details:
Duplex 1 - 3109 Wildwood Dr
Size: 2214 SF
Bedrooms: 4
Bathrooms: 4
Year Built: 1983
Current Rent: Vacant
Duplex 2 - 3113 Wildwood Dr
Size: 2214 SF
Bedrooms: 4
Bathrooms: 4
Year Built: 1983
Current Rent: $1,600/Unit
Duplex 3 - 3116 Wildwood Dr
Size: 2214 SF
Bedrooms: 4
Bathrooms: 4
Year Built: 1983
Current Rent: $1,600/Unit
Property Highlights:
Status: 4/6 units are rented at $1,600/month.
Tenancy: All tenants are currently on month-to-month agreements.
Potential Market Rent: $1,750/month per unit.
Single Family ARV: $390,000.
Condition: Fair.
Investment Considerations:
Consistent Rental Income: With all units currently rented at $1,600 each, this package offers a stable and consistent rental income.
Potential Upside in Rents: Given the potential market rent of $1,750 per unit, there's room for rental increment, enhancing revenue streams.
Month-to-Month Tenancy: The current month-to-month status of all tenants provides flexibility for potential rent adjustments or property strategies.
Solid ARV Potential: With the single-family ARV standing at $390,000, there's a potential upside in property value appreciation.
Simple Returns
Based on Assumptions of 35% towards expenses
Returns at Current Rents
Annual Income Per Duplex: $38,400
Total Annual Rental Income (for all 3 duplexes): $115,200
Net Operating Income (NOI): $86,400
Cap Rate: 6.912%
Returns at Market Rents
Potential Annual Income Per Duplex: $42,000
Total Potential Annual Rental Income (for all 3 duplexes): $126,000
Potential Net Operating Income (NOI): $94,500
Potential Cap Rate: 7.56%
Sales Comps
Rental Comps
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. 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*
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