Listing

Property Description:

Excellent investment opportunity to pickup side-by-side rental homes and start earning income as soon as you close! Buying these two occupied adjacent homes is an efficient way to measuredly grow your investment portfolio while easily keeping an eye and control on multiple tenants in one spot! It's like buying a duplex but these single-family homes can command more rent because of not having to share a neighboring / common wall! Both 907 & 909 Ponderosa Drive are 3 BR / 1 BA homes rented at $900 & $825 respectively. 907 is 1054 sq ft and 909 is 1066 sq ft for a total of 2120 or only $67/sf!!! Total monthly rent of $1725 pegs this at an 8.5% capitalization rate with 35% operating expense factor. Professional property management in place and tenants get their own utilities. This 2 home 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 listed FOR SALE. See MLS #s 144575, 144577, 144579, 144580, 144581, & 144582 for smaller packages.