Investor Special! Owner liquidating three homes (1683, 1677 & 1687 Yarbrough) for $67, 800 quick sale. Cash flow for last several years has been approx. 1, 550/m with expenses of approx. 220/m. This allows for about 1330 per month. All properties are currently rented. Providing a country atmosphere in the city, the homes are nestled in a deep lots with picket fencing and pecan/magnolia trees. Properties surrounded by settled neighbors who are either homeowners or long-term renters. All properties have had exterior and/or interior painting updates in last 12 months.
Property#1: 1683 Yarbrough is 2bed/1bath with front country porch, formal living & dining room, large den/family room with fire place, crown molding, hardwood floors and office space with separate entrance currently used as a 3rd bedroom. Tax records do not reflect spacious den/family room addition. Rents $550/mo.
Property#2: 1677 Yarbrough is 1bed/1bath with living/dining room combo, kitchen, carpeted rooms. Rents $450/mo.
Property#3: 1687 Yarbrough is 2bed/1bath with living room & kitchen. Also has central heat/air, tiled kitchen floor and hardwood floors. Rents $550/mo. All properties sold "as-is" condition. Owner will not make improvements, corrections or modifications.
Owner will finance with $50, 000 down, $700/mo. @ 4.5% with balloon payment for remaining balance due in 3 years.
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Data last updated: Wednesday, December 7, 2016 at 6:05 PM. Properties in listings may have been sold or may no longer be available.