Available as a Package for $250,000: |
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710 S. Cameron Street
4 units, each 1 bedroom & 1 bath - totaling 2,292
Each unit has separate utilities and separate entrances. Tenants pay all utilities except for water.
Fully Rented: - unit 1 -
$510/month
- unit 2 - $465/month
- unit 3 - $495/month
- unit 4 - $395/month
- total - $1,865/month
Built in 1900
2017 tax assessment - $76,400 (this value is for the building only because it shares the same parcel with 712 S. Cameron) | 712 S. Cameron Street
1,296 square foot Single Family Residence with 3 bedrooms and 1 bath.
Recently it has rented for $850 per month but it is intentionally vacant at the moment, pending a
sale.
Built in 1920
2017 tax assessment - $234,000 (710 S. Cameron is on the same parcel) | 1,644 square foot house, divided into two separate apartments.
Each unit is 1 bedroom & 1
bath, with its own separate entrance, separate kitchen and separate utilities. Tenants pay all utilities except for water.
Fully Rented: - unit 1 - $485/month
- unit 2 - $435/month
- total - $920/month
Built in 1900
2017 tax assessment - $123,300 |
- These units all need exterior updating and maintenance.
- Currently, 6 of 7 units are rented, some with long term tenants, and the 7th unit currently being held vacant until to allow flexibility to suit the next owner.
- If the seventh unit is rented for $850/month, as it has been until recently, the total rental income for all units will
$3,360/month, which is an astonishing cap rate of more than 17%, based on a purchase price of $250,000.
- The combined tax assessments for all three houses amounts to $433,700.
If you would like to see more exterior pictures of the buildings, here they are: For more information, or if you would like to arrange a tour of the units, call Paul Bush at 540-987-0099
Regards,
Paul
Bush Skyline Property Investments, LLC 540-987-0099 paulbush@skylinepropertyinvestments.com |
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