Who else wants to be a millionaire? When was the last time you could take advantage of buying a property with creative financing! Better yet, are you already a cash millionaire! This one property with a realistic potential cap rate of 10% and possibly higher may be your ticket to a financial windfall and a wealthy retirement. You do the math: Twelve two bedroom approx. 875 square foot units at $1,350 each per month and the tenants pay utilities gives you $194,400 income per year. At a very low and realistic net income of $138,240 times a cap rate of 10% makes this property worth $1,382,400. With properties today selling at 5% cap rates, this one property all by itself could be worth $2,764,800. Doesn’t that make you a millionaire? For a more detailed information package contact vic@VicPattenaude.com (id:51532)
| Property Summary |
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| Building |
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| Land |
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| Level | Rooms | Dimensions |
|---|---|---|
| Second level | 4pc Bathroom | Measurements not available |
| Laundry room | Measurements not available | |
| Bedroom | Measurements not available | |
| Bedroom | Measurements not available | |
| Main level | 2pc Bathroom | Measurements not available |
| Dining room | Measurements not available | |
| Kitchen | Measurements not available | |
| Living room | Measurements not available |
| Features | |||||
|---|---|---|---|---|---|
| Other(12) | None | ||||
