MARKET SOUTH LA BUNGALOW DUPLEX!! MULTIPLE EXIT STRATEGIES FLIP OR BUY AND HOLD!! RENTS FOR 3/1 AROUND $2800 AND 4/1 RENTS AROUND $3200!! COMBINED RENTS AROUND $6000K WE ARE AROUND 2400 SQ FT REFLECTED ALL ON TAX!! FRONT UNIT 4/1 AND BACK UNIT 3/1 BUYER TO DO ALL DUE DILIGENCE!! NOT TO MENTION WE HAVE 3 PARKING SPACES IN THE BACK THAT REFLECT ON TAX!! DON'T MISS OUT ON THIS RARE SOUTH LA DUPLEX DELIVERED VACANT!! DO NOT HAVE YOUR INVESTORS GO DIRECT!!
FLIP Comps:
Comps are pretty straightforward.
$900k is the floor! This thing can easily get $910k!!
1623 E 32nd Street - Best remodeled comp!! sold for $910K smaller sq ftg!! 6be 4 bath around 2200 sq ft NO PARKING SPACES
4033 Adair Street - .
Purchased by an investor! Smaller property, 5 bed 2 bath, just under 2000 sq ft closed @ $900k
RENTAL COMPS:
For 3 bed 1 bath rents average around $2800
For 4 bed 1 bath rents average around $3200
.
Refer to the packet for rental comps
RENTAL BREAKDOWN
$6000-$6500 rents
$6500 x 12 = $78k
Minus expense of 20% = $62,400
$62,400 (Net operating income) then div by p.
p and rehab
sit around 6% cap
$1000 cash flow
$160k after loan 88 per door
Rehab: Highly desired area in LA!! If your investor puts in good work they should do very well with this one.
Floorplan on the front unit is odd but fixable!!
Highlights:
-OFF MARKET
-DELIVERED VACANT
-LOW PRICE POINT!!
-Highly desirable area!!
- FLIP OR BUY AND HOLD!!
Objections:
Each unit only has one bath! Correct, this is fixable either add a bath or rent each as 1 bath since it is currently still renting!
David 424-256-021SIXXXXXXxx
For quick response call or text me.
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Trust*,*tools*,*paint brush*,*Great Value*,*Personal Touches*,*Investor Opportunity*,*investor Special*,*Good Bones*,*remodel*,*shine*,*Quaint*,*Hard Money*,*Bank Owned*,*Make It Your Own*,*Flip/Flipper*,*Handyman Special*,*Needs Updating*,*needs Repairs*,*Endless Possibilities*,*Motivated Seller*,*Instant Equity*,*Dated*,*Potential*,*Estate*,*Probably Needs*,*Vision*,*Repaired*,*sweat Equity*,*Personal Touch*,*seller Unable*,*Make Repairs*,*Priced Right*,*no SPDS*,*Damage*,*cosmetic Repairs*,*Sell Quickly*,*no Blind Offers*,*One Owner*,*Same Owner*,*location!*,*Foundation*,*Priced to Sell*,*Cracks*,*Original*,*Rehab*,*Non Repairs*,*Out of State*,*Cash Only*,*Divorce*,*As is*,*Potential*,*investor Special*,*Investor*,*fixer*,*cash*,*TLC*,*sell Quickly*,*dated*,*make it your own*,*priced right*,*gem*,*diamond*,*investor*,*opportunity*,*needs work*,*gutted*,*blank slate*,*make it your own*,*Investor Dream*
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