**INVESTORS TAKE NOTICE** TWO professionally built tiny homes for sale and are being sold as a package. PRICE DOES NOT INCLUDE LAND. UNITS ARE ON LEASED LOTS. Both are rented to Auburn students through April 2024. This is one of the best real estate investments you will find. Unit 1 is a 8.5' x 20' that has NET INCOME of $700 per month. Unit 2 is a 8.5' x 24' that has NET INCOME of $800 per month. This averages to be a 12% cap rate based on asking price. CASH ON CASH return in unbeatable and will vary depending on the amount of your deposit. Both units come complete with hook-ups and includes all appliances: Stove, oven, stainless refrigerator, washer & dryer, granite countertops, full bathroom and a sleeping loft, upscale plumbing and electrical fixtures and usb outlets throughout. Both units are built on Iron Eagle Trailers, an industry leader. The units are located at Sand Dollar Farm in Auburn at a newly created tiny home village that includes walking trails, fire pit, small pond, community farm and lots of outdoor living space for the tenants enjoyment. Sand Dollar is located next to Kiesel Park on Chadwick Rd. Unit is ideally situated close to campus. Investment specifics are available upon request. Contact the owner/builder/investor for more information.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
