Property Description:
Turnkey rental property in Grandview, and several others available. Owners have been looking at other investments both inside and outside of real estate. Many properties have been sold, 5 of the remaining 10 are being marketed as of 7/22/24. The remaining 10 properties are the best ones that have been kept for last as all remaining ones are low maintenance properties or low maintenance tenants or both. A package deal for all 5, or possibly even all 10, would be considered. These properties will not be sold at wholesale prices. You will get very solid rentals at reasonable prices.
This property is a SFR in a great neighborhood of Grandview. Basement is partially finished with a rec room and half bath. The other half of the basement are the garages. Monthly income is $1560/mo. This is way under market rent, as all remaining properties are. Run comps and you will see.
The tenants have been there since 2017 when the property was purchased by the current owners. Great tenants. Have not heard from them since 2017 when they took possession. Tenants are responsible for all utilities: electric, gas, water, trash and lawn care.
Property is in good condition. It wasn’t in bad condition when it was purchased, nothing major was replaced. Just a little updating initially in 2017.
Price is $275,000 firm. Quantity discount may be possible but otherwise these are the prices. Owners have been doing this a long time. These properties will not be wholesale prices. These are great properties if you're just starting out or adding to your portfolio. There is an outdated house pending at $275,000 in the area, other wise houses are over $300,000.
Out of respect for tenants, properties will not be shown until there is a signed purchase contract. Any pics sent or descriptions will be accurate. Buyers will be given a chance to back out of contract until they view it and given time for inspections.
Anyone that knows what they are doing will want these properties.