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Home > For Sale > Multi-Family Fourplex(4 units)
Listing ID: 257
4-plex near university recently remodeled great tenants investment $505000 For Sale We can finance it! Property Description Completely renovated units that are fully rented about 5 minutes from the University. Rental input is $2,300 a month total. New floors, some new plumming, window coverings, newer roof, ceiling fans throughout, auto sprinklers front & back, new interior and exterior paint. The tennants are self-sufficient. I don't have an apartment manager. I pay one tennant $50.00 to take care of property and collect rent. She is very responsible. The 3-1 house rents for $850 and (2) of the 1-1 apartments rent for $450 and the other 1-1 rents for $550. When someone moves out I raise the rent is why one is higher than the others. There is room for increase and a potential income from laudry room. There are also 4-1 car garages, a laundry room, and plenty of room to build one more unit. Ready to sell, great potential and prices are climbing daily. Please call if you have aby questions, 209-658-9519. There is a current appraisal on file for $577,000. If you buy now, you will already have $72,000 equity. There are many ways to get a loan without paying 20% down. Because ther is so much equity, you can purchase the home for $577,000 and use the $72,000 as a down payment. Sales Price : $505,000.00-20% down 6.75% 30 yr fixed $2,620.34 P&I only, Interest only $2,272.50 Contact Information Contact person: Doverinvestments Seller type: Agent/Broker Owner Finance: MLS: Phone: Log in to view Address: Log in to view City: Merced State/Province: Zip/Postal Code: 95340 Country: Listing Information Type: Fourplex Listing Status: For Sale Price: 505000 Bedrooms: Bathrooms: Stories: Square Feet: Lot Size: Age of Home: Additional Feature: Appliances: Benefits: Planning to Sell or Buy a Home? Compare REALTORS® First. It's Fast and Free!