$44,000 - Great 2 Property Buy - ROI 23.2%

[Jason Richardson]

We have a great package here of two properties, both in South Bend, one currently performing and one that could be performing fairly quickly. Both are in decent rental neighborhoods, and both are in fair condition. The Bryan St property has a market-rate tenant who wishes to remain a long-term tenant. The Brookfield property needs a little TLC to be rent ready, but nothing major or very time consuming. Both properties are being sold as a total package, and cannot be sold individually. Professional management in place, making this a great investment for an out of area investor or a good pick-up for a local landlord. Purchase price for the package is $35,000.

11** W Bryan St - Monthly Rent $650. One-Year Market Rate Tenant

5** N Brookfield St - Potential Monthly Rent $700. Estimated Rehab Cost $9,000

Total Monthly Income - $1,350

Yearly Income - $16,200

Yearly Taxes - $1,511.56

Yearly Insurance - $1,200

Yearly Management/Maintenance - $3,240

Yearly NOI - $10,248.44

Cash On Cash Return (Includes Rehab) - 23.2%

The last two digits of the addresses have been removed so that the tenants can continue to enjoy the right for peaceful and safe living. If you are serious about this package, and can prove that you are a legitimate buyer, then the rest will be given to you during your due diligence period. Serious inquiries only. Email for more information.