Cashflowing SFH's in an Opportunity Zone (OZ)/New construction

[Chip Cook]

Selling 2 cashflowing SFH's as a package deal in Idaho. One property is ripe for new construction of a 3-4 unit MFH.

I bought these two properties as a BRRRR and having very solid success in this small market. Both properties are cash flowing and with great renters. Unfortunately (for me) I discovered too late these properties are in an Opportunity Zone (OZ), so I am unable to take advantage of incredible tax benefits. So, I'm looking to sell these 2 properties to an investor looking to take advantage of the benefits of this OZ. I then plan to turn around and properly structure to take advantage of the benefits of the OZ.

Description:

Property 1: 1000SF. Rehab complete.  Currently on month 3 of a 12-month lease for $1500/month.  Lot size: 6,969 s.f. (Currently comps out at ~$240-250k)

Property 2: 720 sf. Rehab complete. Currently on month2 of a 12-month lease for $1100/month.  Lot size: 6,250 s.f. **$$$ This property is zoned for multi-family and can easily hold a 3-4 unit MFH that would gross $5-6k month.  (Currently comps out at ~$150-160k)

Both of these could be a solid investment for a SFH investor or a 1031 exchange.