Selling two 4-Plexes in Kansas City, great cash-flow!

[Ian Reeves]

We have a pair of 4-plexes in Grandview MO,  We are currently in the process of renovating 5 of the 8 units (Rents listed are market rent).  3 of the units are currently occupied.  We purchased the properties in an under-performing condition and will have 5 of the 8 units ready to re-lease at market rent prior to sale.  Market rent is $500 per unit.  The three occupied units are currently renting for $375, $350 and $395.  One lease is currently not performing.  This property will perform very well once fully occupied at market rent ($2,000 gross market rent for $140,000).  We will sell individually for $140,000 or will discount and sell for $270k as a pair.

[Michael Hajduk]

Will the renovations be completed before a closing?