This is a great property for either an investor or a first time home buyer.
The current owners live in one of the units and have updated their unit
and the common areas of the property like an owner-occupied property
meaning it's in exceptional condition. Just look at the pictures--it's
immaculate.
The tenants have lived in the property for a few years and are
currently on a 12 month lease. It is believed they want to stay at the
end of their lease. They are currently paying $695 per month and pay
all of their own utilities except water and internet. The electric and
gas meters are separate.
If you're a first time buyer this is an awesome opportunity to do what
most people wish they had done after it's too late. Start building your
real estate investment nest egg by moving into the remodeled unit and
let your tenants cover a big portion of your mortgage payments every
month. With current interest rates it's possible to live here for less
than $750/month and start building equity!
This is as close to a worry-free rental as you can get. Maintenance
issues have been reduced to just normal upkeep (mowing the grass and
weeding the gardens). The roof seems to be in good condition, the
exterior is all vinyl siding, and the yard is perfect (with a new
automatic sprinkler system). 1 tenant is already in place and the
remodeled unit should rent very quickly.
If you crunch the numbers--not only total rents, but vacancy rates and
maintenance, you'll see that this one is a no-brainer. Call today to
arrange your private showing at 801-467-7007. MLS: 895884 Bedrooms: 4 Bathrooms: 2 Square Ft: 1200
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