Asking Worth:
$653,000
Gross Income:
$39,000
Worth/Sq. Ft.:
N/A
NOI:
N/A
Constructing SF:
4,000
FF&E:
N/A
12 months Constructed:
2006
Worthwhile Rental Properties For Sale
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Valuation Report
Property Description
Glorious Passive and Retirement Revenue
That is most likely the best and best enterprise an proprietor might ever function. It’s ultimate for any person who desires to personal a passive earnings kind of enterprise that takes little or no time every month to function however nonetheless earns good money movement. Most months, it takes me lower than 30 minutes to deal with the whole month’s exercise.
I’ve a small enterprise the place I personal just a few (3) rental properties. The properties are occupied by long run tenants. Most months, I simply acquire the hire and pay the insurance coverage.
This can be a nice state of affairs for any person who desires to extend their retirement earnings or preserve their present job however nonetheless get pleasure from the advantages of proudly owning rental actual property in an up turning economic system. Rents and property values are indicating they are going to proceed to extend within the coming years. If the economic system takes a down flip, that’s OK. You’ll nonetheless personal the properties and nonetheless acquire month-to-month rental earnings.
If you could borrow cash to purchase the enterprise, nothing is less complicated to mortgage in opposition to than precise bodily brick and mortar properties. Rates of interest are low so you may preserve extra web earnings.
I personal the three properties free and clear, the sale shall be fast and simple. It will be dealt with by a daily escrow firm of your selecting. I encourage you to contain your lawyer if that’s your consolation stage.
You might be shopping for the properties with tenants in place. It’s an “asset switch”, I have to preserve the precise authorized company as I nonetheless have enterprise dealings within the firm title.
Let’s see if I can reply the commonest questions proper up entrance.
1. Why are you promoting? I’m a house flipper and a property supervisor, it’s my regular enterprise.
2. The place are you going after the sale? I’ll keep in the identical city and purchase extra properties. I’m not relocating.
3. Are there points with the vendor? No, this isn’t misery sale. No person died, obtained divorced or has any well being points.
4. Are you accepting gives? Sure, let’s speak.
5. What’s included within the sale? One free standing residence (with 2.5 acres) and two condos.
6. Do you could promote instantly? No, however it’s my enterprise and I’m actively pursuing a sale.
7. Are the properties in good situation? Sure, each residence has small points however that’s simply regular. This isn’t a “slum lord” kind of sale state of affairs. The properties are maintained pretty nicely.
8. Are there monetary points? No, taxes and all charges are paid updated. There are not any lawsuits or household problems with any form.
When you have questions you may name, textual content or e-mail.
Tim
310 798 8711 / name or textual content
E-mail: timbenter@timbenter.com
Detailed Info
- Location:
- Yucca Valley, CA
- Kind:
- Multi-Household
- Constructing SF:
- 4,000
- Constructing Standing:
- Established
- Amenities:
- Two condos and a free standing residence on 2.5 acres with long run tenants in place. The condos had been in-built 1980. The free standing residence was in-built 2006. All three are in good situation. No main repairs wanted.
- Financing:
- Financing a house is as straightforward because it will get when shopping for a enterprise.
- Motive for Promoting:
- I am a home flipper and property supervisor. That is regular enterprise.
- Present Property Bills:
- Insurance coverage and taxes, regular stuff. HOA charges for every rental is $150 per 30 days.
- Location Description:
- The three properties are situated in two completely different areas. The 2 condos are three doorways aside within the city of Yucca Valley. The free standing residence that sits on 2.5 acres is simply outdoors of Yucca Valley.
- Present and Prior Use:
- All properties are residential. Not zoned for any type of enterprise operation.
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Property
Listed By:
Tim Benter
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