For my investors, we have an off-market 3 unit property with 1 bedroom and 1 bath for each unit.
The MLS shows that the property is about 1,492 sq ft.
and the lot is about 5,159 sq ft.
and there is possibly room to add a carport for added privacy (a few cars sit on the lot now but will be removed).
INVESTMENT OPPORTUNITIES:
1\.
Fix-and-flip.
Other 3 unit properties in the area are selling above $1 million as shown in the CMA packet.
Cosmetic upgrades needed throughout, but nothing major.
2023 E Imperial Hwy, for example, closed for $1.
275M this February.
Keep in mind, the lot is 13,939 sq ft.
so our ARV isn't over $1.
2M, but we are definitely close $1.
1M.
2\.
Buy-and-Hold.
Other 1 bedroom 1 bath properties are renting from $1,500-$2,100 and there are 3 of these units on the property.
3\.
Split triplex into duplex to make 2 bigger units instead of 3 smaller units.
IMPORTANT INFO:
This property was brought to me by 3 agents originally through an assignment and they had their fee built in.
We ditched the assignment contract and I got them to agree to allow us to write a direct to seller contract, BUT I had to include their assignment fees in the contract.
Because of this, the buyer agrees to pay a total of $89,000 in agent referral fees divided between 3 individual agents.
$70k to one agent and $9,500 to the other 2 agents each.
This will be reflected on the contract so please make sure the buyer is aware.
ALSO the property will be delivered vacant 21 days after the close of escrow.
There is a $20,000 holdback that will be released to the buyer if they do not vacate by the 21st day.
Tenants are already in the process of packing and moving out now.
They have no desire to stay in the property.
BED: 3
BATH: 3
BUILD: 1,592 SQ.
FT
LOT: 5,359 SQ.
FT.
David 424-256-021SIXXXXXXxx
For quick response call or text me.
Or copy and search bellow.
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com/agent/david-azizz/ ↙️↙️↙️
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