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Great 4 Unit Commercial/Residential Property For A Cash Buyer!

Overview

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Ad number:#1019178807
Contact:Kevin Diaz
City:Center St
Zip:06040
Price:$250,000
Square ft:3019
Beds:4
Baths:4+

Description

Great 4 Family Commercial/Rental Property Opportunity for a Cash Buyer.

Wont Last Long.

Contact Me ASAP to access the property and for further details.

Will not accept Bank Loans! Cash Only!

Located near Center St in Manchester, CT

-3,019 Sqft
-4 Units (3 units are 1 bedroom 1 bath)(1 Unit is a commercial space previously used as Dentist Office)
-1 bedroom/1 bath - 750/month
-1 bedroom/1 bath - 900/month
-1 bedroom/1bath - Vacant (Can be rented As-is $900/month)
-Commercial Space - Vacant (Can be rented As-Is for $1200/month)

Vacant Units are Turn Key & ready to be rented!

Potential GOI - $45,000/year
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Expenses - $5,976/year - Taxes
$3000/year for Insurance
$1500/year for Water/Sewage
$4500/year for Maintenence
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Total -$10,476 in yearly expenses
Potential Net Operating Income - $30,024/year

Asking Price - 250K
ROI - 12%

Will not deal with wholesalers. Serious Inquiries ONLY!
Proof of Funds Required upon contact.


motivated, wholesale, rental property, buy and hold, lease option, seller financing, REO, bank, bank owned, subject-to, lease option, land contract, cash buyer, AS IS, cheap, need to sell fast, equity, default Read Less Read Less

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