Description
Currently two income producing houses on one half of this lot. The second half (.25 acres) would be a great place to build 4 small office/warehouse units. Homes are old, and could be remodeled as offices, with a commensurate rise in rents. Units built on the property could easily be rented out for approximately 1500 dollars/month each. Homes when converted to offices should pull in approximately 1250 dollars/month. This is an excellent investment opportunity, that you don't want to miss. Seller may carry balance at 7.0 percent with 150,000 dollars down. Or Buyer may qualify to assume VA loan at less than 3.0 percent.
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Currently two income producing houses on one half of this lot. The second half (.25 acres) would be a great place to build 4 small office/warehouse units. Homes are old, and could be remodeled as offices, with a commensurate rise in rents. Units built on the property could easily be rented out for approximately 1500 dollars/month each. Homes when converted to offices should pull in approximately 1250 dollars/month. This is an excellent investment opportunity, that you don't want to miss. Seller may carry balance at 7.0 percent with 150,000 dollars down. Or Buyer may qualify to assume VA loan at less than 3.0 percent.
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