👕🏠Own a Little Kingdom or Cul-De-Sac👕🏠
8 Units
4 Duplexes
Units are 2 Bed/2 Bath
Units are 950 sqft
Current Gross Rent is $5,545
Potential Gross Rent is $6,600
Below is the current rent and lease status:
- 1000 Madiera Ct.-$725 Tenant is on a month to month lease.
- 1002 Madiera Ct.-$725 tenant has been there about 13 month and is on a month to month lease.
- 1001 Madiera Ct.-$595 tenant has been there 12 years and is on a month to month lease. This is the only unit that hasn’t been turned in the last 3 years.
- 1003 Madiera Ct.-$700 month to month lease.
- 1008 Madiera Ct.-$675 Section 8 tenant. Tenant pays $200 of the rent.
- 1006 Madiera Ct.-$700 tenant has been there for 14-15 months. Currently on month to month lease.
- 1007 Madiera Ct.-$750 Tenant has been there 10 months. Lease expires in 2 months.
- 1009 Madiera Ct.- $675 Section 8 tenant. Tenant pays $78 of the rent.
- All windows have been updated.
- HVAC and roofs are 10 years old on average.
- Each unit is on a separate parcel.
- Units are separately metered.
- Only 3 leases in place. Most leases have been misplaced.
- Seller will ensure end buyer gets security deposits.
- **No major rehab needed.**
- All units have a privacy fence.
- Seller does not have financials/T-12.
- All units have a dishwasher.
- City water and city sewer.
*BUY IT NOW AT $525,000* to avoid competing offers (the first to sign an assignment contract at this price gets the deal).
- A $10,000 non-refundable deposit is due within 24 hours of an executed assignment contract.
- Agents, please add your commission to the asking price.
- Cash, hard money, and quick close offers are best but will consider going through the loan process.
- Make an offer. 😀
- Buyers willing to close sight unseen get priority.
These properties are currently occupied, please do not disturb tenants. Call/text to schedule a showing. Do not go to the property without an appointment.