UPDATE: 10/14/2018: OFFER ACCEPTED. WILL CONSIDER BACKUP OFFERS SO PLEASE INQUIRE IF INTERESTED. Always full duplex with 1/2 acre lot and fabulous mountain views from the private back yards. Each unit includes 2 bedrooms, one bathroom, an attached garage and private patio and yard. Positive cash flow with rents increasing annually. Current asking rents are $1,100 per unit. Estimated PITI with 25% down is $1,350/Mo. and monthly seller paid utilities average $80/mo. So, with owner management and before repair charges, cash returns equal almost $800/mo. pro-forma. Rents have been increasing annually for the past many years. The property backs to a large area of vacant land that will one day hold either more multi family or mixed use (that land fronts onto Highway 126) development. In the future, this site can hold many more units: it is zoned for 7-8 multi family units and includes a 1/2 acre site. In the interim, fencing the back lot would allow for the largest rental-unit yards in the area - and keep the tenants happy and the rents increasing. Seller has been accomplishing many upgrades in preparation for sale. The units are freshly painted on the outside and brand new windows have been installed. Continuations of upgrades in fall 2018 will include front and side yard landscaping (including tree removal in the front yard), fence repairs and minor interior renovations. One unit has a new kitchen and pergo floors with carpets being installed this month. The other unit will have a new kitchen and kitchen/bath pergo floors installed before closing (carpets are new in that unit). A credit for bathroom upgrades of $2,000/unit will be provided. Added benefits: Financing is available if you occupy one of the units with a smaller 15% down payment (ask for details). One unit is coming available later this month but will be re-leased by mid-October so don't delay with this opportunity. Also: for our fabulous servicemember community: I believe this unit will qualify under your military benefits for 100% VA financing. What a sweet deal - the "other" unit would about pay your monthly housing cost. Text or write for more details. No calls please (day worker). Realtors, no I won't give you a listing but I will pay a buyer's brokerage of 2% of sale with acceptable offer. Thanks for viewing.
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