Thursday, June 19, 2008

Cash flow $1000/mo with this 4-plex (SOLD)

4-plex with all 3/2 units. Nearest major city is Austin, TX.





• Built in 2005
• New subdivision (55+ Community)
• Near large army base, colleges, malls
• Central AC, Alarm, Carpeted Floors, Gas Range, Playground/Park, Retirement Community
• Interior Features: Breakfast Bar, Galley Kitchen, Separate Dining, Oven/Range, Refrigerator, Dishwasher, Washer, Dryer, Ceiling Fans, Applies to All, Carpet, Walk-In Closet, Wash/Dry Conn, Smoke Alarm
• 3800 square ft
• Wood privacy fence

• Existing mortgage: $183k @ 6.5%, Payments of $1678/mo
• Value: $240k
Take over Subject To Existing Mortgage for $30k
• 2 units rented currently at 700/mo each (2 are empty due to army deployment)
• Property manager available at 8%
Cash flow about $1000/mo!