REO Property: 6 individual houses with private fenced in lots, on One Lot, all recently renovated, fumigated for termites and just listed for leases. 2 are already rented. Should generate easily and conservatively $3,600/month in gross rents. The combination is 1x3BR+1BA, 3x2BR+1BA and 2x1BR+1BA. The 1BR house was just rented for $550 under section 8. 2 are already rented signs are up at property for renting. There is also an adjacent 16,000 sqft lot that can also be had for future development. Even at full asking price of $275,000, that's only 5.7 GRM and over 12% Cap after expenses. Hurry while it's available.
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.
