Friday, February 6, 2009

Bank Owned 4plex Just Listed

Was achieving $4,300 per month in rents prior to the bank evicting tenants.
Offered at $541,000 or at 10.48 gross rent multiplier. One 3 bedroom, 2 bath unit and three 1 bedroom units. There is an Owners Association that maintains landscaping throughout the 4plex neighborhood. This is a very good deal for an operator who can manage a 4plex well. Call me for details.