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. Only 5 of the 10 properties are currently being sold. 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 Duplex in the Belvedere area of Grandview. Each side has 2 beds/1-bath, approximately 650sqft each. Currently brings in $1815, will increase to $1845 in a couple of months. This is slightly under market rent.
One tenant has been there just over a year. They started at $895, now pay $920/mo. The other tenant has been there almost 1 year, Oct 1. Rent is currently $895. Tenants are responsible for all utilities: electric, gas, water. Management pays trash and lawn care.
Property is in great condition. It was gutted down to studs when purchased in 2018. It’s higher end for the area. Everything was replaced except the furnaces. Roof, windows, doors, flooring, cabinets, tubs, toilets…EVERYTHING. Each unit has 3 window AC’s. One in each bedroom and one in the living area. They are framed into the structure and not taking up actual window space. Each unit was plumbed for a washer/dryer in the unit. Owners/management supplies stacked washer/dryer. Granite counter tops. LVP throughout.
Price is $210,000 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’s a very nice duplex on the next block over pending for $225,000. All duplexes in this area have identical layouts for the most part.
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.