17811 Neff Road

Description

This portfolio consists of 6 duplexes that are all located in trending fringe areas. The current owner targeted these areas for the quickappreciation. In just under 2 total years of ownership, they have all appreciated. He's ready to move into larger commercial deals sohe's passing these cash flowing assets on to you. All units are occupied and most have been renovated and are turnkey. Together, theybring in $8937/ mo (over $107k per year) The long term tenants are rented slightly below market and once fully stabilized you canexpect a monthly rent of over $10k total ($124k+ per year). Tenant quality is strong and all tenants are on time with payments. Expensesare low with tenants paying most utilities and taxes being less the $10k/year TOTAL. Assuming 50% expenses offers this portfolio offersyou a HUGE 8% return with room to add more! The entire portfolio also comes with built in equity. 17811 Neff is worth $170-180kalone. Parcel numbers include 114-03-021 , 113-20-108, 117-06-035, 015-08-148, 015-07-140, 139-19-042.