Not many opportunities come along with established rental property perfect for the investor looking for real estate at a great cap rate. Approximately $11,500 income per month. Nine (9) individual units that stay rented. All of the units are 2 bedroom, 1 bath with spacious yards. Property is 11.50 total acres so plenty of room to consider adding more units if approval is given by Lafayette County Planning Department. Seller pays insurance, lawn maintenance, general maintenance and property taxes. Tenants pay all utilities. Property being sold in "As Is" Condition. Waiting on a new owner.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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