Description

18% cap rate
6 Houses with individual fenced off yards on 1/2 Acre Lot.
Also, included in the Sale is a 17,000 SQ.FT. LOT Fenced Off (Different APN#)
1 3+1 vacant
2 1+1 rented - ($500 each - lower then rental market)
3 2+1 2 vacant / 1 rented - ($600 a month - lower then rental market)

Needs about 10-15,000 worth of work and the property can easily generate $4,500 gross rent a month. Each house has its own fenced yard. All new fencing. There is also a 17,000 sqft vacant lot next to it (separate APN and separate access from back street).

Pre-lim available, and escrow is open. The first $20,000 in escrow secures the deal. You get a 3 days due diligence period after acceptance. The properties are available for viewing on appointment only.