Great Deal Alert – $440,000

Here is one we hope won’t have too bad of a bidding war. If it doesn’t, the numbers pencil out nicely, and in a location that is very rapidly gentrifying so you have upside to boot!

Anyway, very important, it is being delivered vacant. It has already been remodeled and the job they did is fairly good. It shouldn’t need any money put into it. And I believe the units – both two bed one bath about 650 sq ft – will fetch about $1800 a piece. If you get it for $460K, at those rents, you will be at 10% cash on cash return.

Let me know if you want it or know someone who does. I’ll be happy to help!