Today we have a very hot deal, your the first to see it, later today it will be posted on our website. Move fast if interested!
Two Family House located in Woonsocket RI 02895. Decent shape overall.
Fully Rented to long term tenants 6-8yrs respective.
One tenant is a free month to month sec 8 other is straight month to month.
NOI = $800.00+/month Tenants pay own utilities. Landlord pays electric for hallways and outside light only as well as water/sewer.
Property negatives are: very small lot, house is on it’s own lot behind the street house in front. A proper right of way and drive is present. Only room for 2 cars parked behind each. Seasonal water seepage into basement which is expelled via sum-pump.
Advantages: Upside potential is awesome and very high ROI if kept as a long term rental. Nothing needs to be done to house to carry on receiving rents. Rents of course can be raised, as is evidenced by very long term tenants.
Looking for a quick cash purchase of $40,000 (ROI 25% house paid from rents in 4 years)
Possible flexible term purchase @ $50,000.00 sales price with 10K down.
Send offers over asap, this will not last………………………..
350-352 Rear Grove Street, Woonsocket RI 02895
Please DO NOT Disturb Tenants or attempt to enter without our permission. Anyone attempting to do so and found out will be crossed off from purchasing this property.
Inspections only after accepted offer and signed agreements with earnest. Please be respectful of our wishes and the privacy of the tenants.
All the Best
JB Jackson Solutions