Listing

Property Description:

Rare find for a proven turnkey portfolio investment opportunity of 3 homes on the same street! All 3 single family homes are on Lausanne Drive - 2 contiguous addresses are 743 & 745 with another just a stone's throw away at 807. All three homes are 3 bedroom / 1 bath with a total monthly rent of $2656. Buy and hold for income or peel one or more off and sell individually because $83/sf is well below replacement and / or retail re-sale psf cost. Pricing based on 8.5% capitalization rate with 35% operating expense factor. Professional property management in place - tenants responsible for their own utilities. This package is part of a larger portfolio of 25 similar single family homes listed together as MLS # 143376 and can be bought alone or with combinations of other packages broken out of the 25 total homes. See MLS #s 144574, 144575, 144577, 144580, 144581, & 144582 for smaller packages.