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Cash Flow 4-Plex 100% Rented! |
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Category: Big Deals Current Grade: B+ Total Views: 538 Member Comments: 0 |
Posted on: 11/22/2007 Posted by: investore Blog Points: 142 View all blogs >> |
2142 Sunrise, San Bernardino, Ca
That's right, the lenders APPROVED the Short Sale with over $200,000+ discount! This is a cash flow'n 4-plex in So Cal! Hurry, must act fast, experienced investors that know the "1% rule" will gobble this up!
Multi Unit 4 Plex:
All units are 3 bed / 2 bath with 984 sqft each
Rental income: Unit 1: $1050, 2: $1050, 3: $800, 4: $1050 (total $3950)
Property Management Fee: $250 a month, awesome diligent landlord!
Utilities paid by owner: average $750 a month.
All Units Are Rented!
Year Built 1965
Floors 1
Lot Size 9,400 sqft
Repairs needed: new garage doors, change carpet in some units, paint outside of building, new fencing, piping, walls to be plastered, roach infestation, plumbing.
Comparable Sales Data
No. Address Date Price $/PSF Bld/Area Lot Size
Subject Property 10/3/05 $595,000 $140 4,260 9,400
1 . 2215 Sunrise Ln 7/19/07 $555,000 $155 3,584 9,210
2. 2030 E. 19th St 5/25/07 $598,000 $141 4,230 10,220
3. 2165 E. 19th St 4/18/07 $552,000 $130 4,230 10,220
4. 2182 Sunrise Ln 2/28/07 $550,000 $151 3,648 10,508
5. 2094 Sunrise Ln 11/3/06 $585,000 $134 4,360 9,433
6. 2034 Sunrise Ln 11/1/06 $620,000 $146 4,260 9,447
That's right, the lenders APPROVED the Short Sale with over $200,000+ discount! This is a cash flow'n 4-plex in So Cal! Hurry, must act fast, experienced investors that know the "1% rule" will gobble this up!
Multi Unit 4 Plex:
All units are 3 bed / 2 bath with 984 sqft each
Rental income: Unit 1: $1050, 2: $1050, 3: $800, 4: $1050 (total $3950)
Property Management Fee: $250 a month, awesome diligent landlord!
Utilities paid by owner: average $750 a month.
All Units Are Rented!
Year Built 1965
Floors 1
Lot Size 9,400 sqft
Repairs needed: new garage doors, change carpet in some units, paint outside of building, new fencing, piping, walls to be plastered, roach infestation, plumbing.
Comparable Sales Data
No. Address Date Price $/PSF Bld/Area Lot Size
Subject Property 10/3/05 $595,000 $140 4,260 9,400
1 . 2215 Sunrise Ln 7/19/07 $555,000 $155 3,584 9,210
2. 2030 E. 19th St 5/25/07 $598,000 $141 4,230 10,220
3. 2165 E. 19th St 4/18/07 $552,000 $130 4,230 10,220
4. 2182 Sunrise Ln 2/28/07 $550,000 $151 3,648 10,508
5. 2094 Sunrise Ln 11/3/06 $585,000 $134 4,360 9,433
6. 2034 Sunrise Ln 11/1/06 $620,000 $146 4,260 9,447
