OWNER WILL FINANCE ON A LAND CONTRACT! IMMEDIATE CASH FLOW PROPERTY! BUYER TO PAY $35,000 DOWN AT CLOSING. SELLER WILL FINANCE BALANCE OF $415,000 FOR 15 YEARS, 6% INTEREST. PRINCIPLE & INTEREST PAYMENT IS $3,502. SELLER WILL EXECUTE WARRANTY DEED WHEN LOAN BALANCE HAS BEEN REDUCED BY $50,000. IMMEDIATE CASH FLOW INVESTMENT PROPERTY. Three houses and seven double wide mobile homes. Houses rent for $600, $450 and $425 per month. Double wide mobile homes rent for $575 per month each. Total gross monthly income is $5,500. Each unit is separately metered for water and electricity, with tenants paying utility costs. Tenants mow each individual site. OWNER IS OFFERING ATTRACTIVE TERMS TO PURCHASE! $50,000 down, balance of $400,000 financed for 12 years at 6% interest. Total monthly payments of $3,903.40. Net profit of $1,596.60 per month for the smart investor. Property has very good rental history with minimal vacancy times. This property is a "Cash Cow" and would provide immediate net income upon purchase. All info. taken from Tax Records. Buyer/Buyer's Agent to verify all.
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