Hot area that is exploding. Property was completely remodeled in 2015, AND Owner is providing home warranty. New everything. Both units are 2BD/1BA. Plumbing waste lines, electrical receptacles, exterior breakers and box replaced. All new flooring tile throughout , trim, cabinets, appliances, A/ C 5 years old and serviced in 2015, New water heaters, paint, new doors, new lighting fixtures,new windows, ceiling fans etc... Separate washer and dryer connection. Tenant B has private backyard to property. All units pass sec 8 annual inspection every year with flying colors.Rent is $1,044 Unit A sec 8 with utilities. Unit B sec 8 $1,044 a month w/ utilities. $2,188 month - $25,056 gross annual. Expenses Utilities $2,400 annual, Taxes $1,100, Insurance $1,100, Maintenance $200 annual Property MGMT annual fee $65.41. Tenant A pays $50& tenant B pays$168. $25,056- $4,865= $20,191/12% = $168,258.Property is self managed by owner. Direct deposit from sec 8 and tenants pay online. Owner is moving and looking for an investor to take over and not worry about maintenance or management. There is no deferred maintenance on this property. Drive by please do not disturb tenants. Unit A lease expires 3/1/2018 & unit B expires 7/2018. Full deposit . Turnkey opportunity for immediate income.
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