Investor throws in the towel - His loss, Your gain

[Mark Graziano]

This property is a two unit home, each unit featuring 2 bedrooms and 1 and 1/2 baths. This home is located in a very quiet cul de sac with over and over an acre of land in Cherokee Co with easy access to Highway 75 and 575. Rentals for 2 bedroom apartment and residence range from $835/M for Low income housing to $1,200/M for new town homes. Rent-o-meter has the median rent for a 2 bed property in a 3 mile radius at $1,110 per unit. The current owner has run out of funds to complete the renovation so now is your chance. The property has 1 unit near completion, and the second unit is ready for you to renovate to your liking. Ask about our discount for a quick close!!! For more information on this property, and others like it, visit www.

$28,000 In Equity                             $14,880 Annual Rental Income

ARV = $160,000 ...............................Gross Rents = $20,040

Closing Costs = $2000                       Taxes = $652

Renovations = $45,000                      Insurance = $512

Purchase Price = $85,000                 Management = $2,004

                                                              Maintenance Res. = $1002

                                                              Vacancy = $1,002