-12% Proforma Cap Rate at current Listing Price and 62% Proforma Annual Cash-on-Cash return with 25% down payment at current Listing Price. â95â percent occupied as of listing date. Property consist of 22 total units housed within 6 single level concrete block/stucco buildings located near FT Bragg (4904-08-16-17-19-22 Schmidt Street). There are 10 each 1BR/1BA units and 12 each 2BR/1BA units. Professional Property Management Company is in place.
-GREAT INVESTMENT PROPERTY INCLUDES BOTH 546 AND 546 1/2 PEARL STREET. EACH HOUSE HAS 1 BEDROOM, 1 LIVING RM, 1 KITCHEN & 1 BATH. 546 HAS A SINGLE CARPORT & 546 1/2 HAS A DECK. 2 CAR PARKING PAD AT STREET, LARGE LOT FOR HAYMOUNT. RENTS ARE AT $565 EACH. Rear HOME IS VACANT FOR EASY SHOWING. MANY REPAIRS & UPDATES HAVE BEEN COMPLETED SINCE PURCHASE IN 2007.
-INVESTOR/FIRST TIME HOME BUYER SPECIAL. NICE DUPLEX IN GOOD AREA CLOSE TO FORT BRAGG AND SHOPPING. 28,000 BELOW TAX APPRAISED VALUE. MUST SEE TO APPRECIATE. FENCED BACKYARD. UPSTAIRS ROOM WITH SEPARATE BATH. AS IS CONDITION.
Age: 31-40 Years Old
Amenities: Deck, Ceiling Fan, Security System, Security System