$48,000 Value at 75% DISCOUNT - TWO SFR PACKAGE DEAL-CASH FLOW!!!

[Shawn Ackerman]

Buyer responsible to do their own due diligence. Property(s) sold as-is. $1000 non-refundable deposit required. IKRE,LLC is selling it's equitable interest in the property(s).

Please Email inquiry to [email protected]. 

Singe Family Property #1                    Single Family Property #2

Purchase Price: $17,750                      Purchase Price: $17,750
North 23rd street Property                   North 24th street property      

Property 1. Built in 1926                      Property 2. Built 1906

1578 interior Sq Ft                               1236 Interior Sq Ft

4 Bedroom, 1 Bath                               3 Bedroom, 1 Bath

Exterior: Alum/Vinyl                              Exterior: Alum/Vinyl

Gross Rent $$ Rent Ready                   Gross Rent - $750.00 ( Month to Month lease)

Annual Taxes: $562                              Annual Taxes: $585

Notes: Two Single family property package deal!  One of the two rented at $750.00 per month and the other is rent ready!  The roof, Mechanical s are all functional.  No code violations found on either property.  Properties are in high cash flow markets

Suggested Strategy:  Purchase properties for $17.750 per property in cash, immediately refinance the property at 70-75% of appraised value(not to exceed purchase price within first 6 months).  Estimated equity left on the table after immediate cash out refinance $12,500.  Estimated value of the package $47.500

Extras:  Deal can be purchased with property management(10% of gross rents collected), contractor, handyman on day 1.  Lender, Title Co and rental property insurance carrier can also be part of useful contracts included in this deal.