For Sale by Owner, Private Sale: CURRENTLY TENANT OCCUPIED UNTIL APRIL: SEMSA hopes to continue to use the home after that as well, great deal for new owner and everyone involved. Instant passive income, but new owner may choose as they please of course after current 12 mo lease ends 1 APR. Current rent on lease is $2350 with auto increase of 3% annnually. Appraisal in first quarter 2024 came in at $347K. Buyer may use an agent but will pay their fees, private sale saves everyone money, and your broker will walk you through all requirements! The real deal here is it is a VA Assumable loan at a 3.75 interest rate, and $271K remaining on mortgage. We prefer to keep the home but looking at options to finance a new venture. If qualified you would assume the remaining mortgage (PITI/total monthly payment is only $1715 a month) and have to come up with the difference. Whether cash down payment or remaining amount financed elsewhere. A conventional loan, with good credit at 7 percent interest would put you at roughly $2600 PITI/total monthly payment. Anyone with qualified credit can assume this loan if they are able to secure the difference. Whether second mortgage, personal loan, or cash, etc. Without agents and excess closing costs, and with the current rate/payment, you can secure a future investment property, or your future home, for a great deal! With current interest rates, you would need to purchase a home at $230K to get the same payment! And should you choose it remain an investment property, it would automatically cash flow $635 monthly. Very well taken care of 4 Bed/2 Bath home in the best neighborhood in town. Walking distance to the Diamond Mountain Hotel and Casino and awesome trails, along with great views from the front of the house. Landscaped front and back yard, with very large shed/tiny home in the back. 2-Car attached & finished garage. Inside features carpet throughout, with laminate in entry way and kitchen, and tile in bathrooms/laundry room. Also very fresh paint job on the inside. Only current planned renovation was paint on the exterior. And small things here and there. Both heating and cooling are central air. Brand new system installed in summer of 2022 and not included in valuation when bought in 2021. As well as a refresh of interior fixtures. Comes with gas range, dishwasher, refrigerator, and washer dryer hookups. Since it is occupied by SEMSA, viewing will need to be coordinated well in advance, but feel free to reach out to me with any questions! Open to negotiation as well, send offers via email!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
