Address Not Available By Request

Description

Investors Portfolio - 10 single family homes. Builders personal rental property portfolio available for sale. Builder constructed all 10 of these properties between 2001 - 2006 and has used them as rental property since construction. All are located on 60x120 lots (a couple have 125' lots) and all are 3 bedroom, 1 bath with open Kitchen / Living area. All are 1,144 sq ft, 26x44' single family homes. Rent's range from low of $475 to current market of $600. Properties have been continuously rented and excellent income producers. Some have recent roofs due to previous storm damage and all are in good condition. All are built on slab with PVC and utilities in slab. Homes are all electric and include central HVAC systems. This collection of rental property is sold together - we will not break them out individually. Assessor's value is $670,490 and the asking price is $650,000 yielding a net 7.8% Annual Rate of Return.