Cash Flow Opportunity - 4 Unit - Green Bay, WI - $89,900

[Corey Reyment]

Property has a lot of potential! It is currently extremely under rented and a great opportunity to increase your ROI for a great long term hold.

Need To Know

Here are some of the main things you will want to know

-Market rents are between $550-$650
-Currently getting $325-$425 per unit
-There are 4 units and 4 electrical meters so electric can be
billed to the tenants
-Total income should be between $2200 - $2600 per month
($26,400 - $31,200 annually)
-Has updated vinyl siding
-Detached 2 stall garage

Here are some of improvements the property will need:

-New roof will be needed - estimate $15,000-$18,000
contracted out, could be less if you wanted to do on your own
-Electrical is the fuse style. Needs updating if you were going
to get a mortgage in the future on it.
-Windows are older. They work fine but are not the updated
vinyl
-Furnaces are older. Currently working per the seller but new
buyer should budget for replacing the furnaces in the future
-Buyer will pay the closing costs (est. $1000-$1500)

This is a cash buyer only opportunity. The buyer must have the ability to close on or before October 13th. Proof of funds will be required before being admitted to the property. The price is the full price for the contract. It includes the purchase contract and our wholesale fee. Call Corey for the details - 920-639-3125